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2469 Bartek Pl North Port, FL 34289

3 Beds 2 Baths 1,654 sqft Built 2016

$260,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $157.19
  • 3 Days on Market
  • MLS # : A4482516
  • Updated Date : 11/02/2020 at 21:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Blue Collar Realty

Listing Agent's Description

Enter the beautiful tree-lined streets of Cedar Grove to find our immaculate move in ready home nestled on a waterfront lot. Meander the winding walkways throughout the community, or just the ~0.3 mile jaunt to Cedar Grove's community pool, playground, and BBQ area. A 3 car oversized garage offers more than ample space for your out of home interests while the front/rear split floor-plan brings the Owner's suite and Great room towards the water views while guest rooms sit quietly to the front and right opposite the garage. Custom 42” wood cabinets, granite counters, and 3 large closets for pantry/storage meld seamlessly into the great room and access to screened lanai. Owner’s suite features water views and a massive walk in closet. Granite counters within Owner's and guest baths. Sentricon® System with Always Active Technology, Taexx® Built-In Pest Control Defense, Hurricane Shutters.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Cedar Grove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cedar Grove

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2100011001200130014001500160017001800190020002100Rent in $9482129

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Toledo Blade Elementary School Primary Regular 742 56 6
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Toledo Blade Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 56
6
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 50
7
GreatSchools Rating

North Port High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 119
6
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$959
Property Tax -$320
Property Insurance -$137
HOA -$77
Property Management Fees -$80
CASH FLOW
$187

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.

$260,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$40,833

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,760

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,356

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3753$1,4004$1,5005$1,760
$1,760
RENT COMPS ANALYSIS
  • 2469 Bartek Pl North Port, FL 5
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.06
    •  
  • 1641 Justica St North Port, FL 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.84
    •  
  • 3692 Brewster Rd North Port, FL 2
    • 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 2005
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.90
    •  
  • 1262 Fitzgerald Rd North Port, FL 3
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2007
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.76
    •  
  • 1560 Maile St North Port, FL 4
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Bryan Stults
1.941.716.7745
Blue Collar Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482516
Last Updated: 11/02/2020
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