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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $211.46
- 3 Days on Market
- MLS # : N6112810
- Updated Date : 11/27/2020 at 13:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,702 sqft
- Baths : 2 full
Listing Agent
Exit King Realty
Listing Agent's Description
These three words, “location, location, location”, will be yours when you make this beautiful Calusa Lakes home your own. This 3/2/2 has incredible curb appeal with its screened front entry and lush, Florida friendly, landscaping. The large foyer welcomes you into the home with a direct view of the living room which can easily handle larger furniture for your family and entertaining needs. A secluded, extended lanai, with triple slider, expands this space and is graced by mature landscaping for ultimate privacy. A dining room is available for your more formal occasions with ample space for friends and family. White cabinetry is found in the kitchen with tiled backsplash, Corian countertops, breakfast bar, and separate dining area, with sliders to the lanai, for everyday meals. RO system at the double, porcelain, sink is another upgrade. The master bedroom is fit for royalty with its wood laminate flooring, fully updated ensuite that includes a true walk-in shower, exquisite vanity, and private access to the lanai. The second bedroom is at the opposite end of the home and is graced by a beautiful clearstory window. The auxiliary bath has also been fully updated with enclosed tub/shower combo and granite topped vanity. The third bedroom, currently being used as a den, has a converted closet with Murphy bed, and allows for multiple use opportunities. Central vacuum, most house is tiled, fans, window treatments, and your very own, private, community pool make this home one you won’t want to miss. Calusa Lakes is a highly desirable area in Nokomis featuring a guard house, tennis courts, 18-hole regulation length semi-private golf course, and more activities than you can imagine. Close access to 75 and minutes to the many Gulf beaches this is a home that will give you all of the Florida lifestyle. Call today for your private tour.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$309 | |
| Property Insurance | -$140 | |
| HOA | -$198 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$55
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$359,900
PROJECTED PRICE
$2,110
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.70% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
6.58
YEARS SAVED
$33,164
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.24
LIST RENT PER SQFT
-
$1,813
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2316 Falcon Trace Ln Nokomis, FL 3
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,110
- $1.24
-
2201 Lakewood Dr Nokomis, FL 1
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990
![property image]()
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,695
- $1.07
-
403 Giovanni Dr Nokomis, FL 2
- 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981
![property image]()
LEASED 11/27/19- Rent
- Rent Per SQFT
- $2,000
- $1.06
PROPERTY LISTING DETAILS
1.941.468.6294
Exit King Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6112810
Last Updated: 11/27/2020
