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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $158.05
- 3 Days on Market
- MLS # : D6114835
- Updated Date : 11/20/2020 at 17:13
CONSTRUCTION
- Beds : 3
- Floor Size : 2,119 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Alliance Group
Listing Agent's Description
A Must See Beauty! 3 bed/2-1/2 bath/2 car garage pool home! Mature Tropical landscaping and a screened entry welcome you home! Living/Dining room features a cathedral ceiling, updated laminate flooring (2 yr. old) , 8' pocket sliding glass doors to the lanai/pool area and a new ceiling fan. Kitchen has a closet pantry, oak cabinetry w/updated granite counter tops, breakfast bar, ceiling fan and tiled flooring. Appliances include: Samsung French door refrigerator, Frigidaire smooth top stove, Kenmore microwave and Kenmore Elite dishwasher. (all are under warranty through Sears till next April) Breakfast nook is just off the kitchen and has tiled flooring and sliding glass doors to the lanai. Adjoining Family room has a tray ceiling with a ceiling fan, laminate flooring and another set of sliding glass doors to the lanai. Spacious Master bedroom features a tray ceiling with a ceiling fan, laminate flooring, two walk in closets, black out blinds and French doors to the lanai. Master bath has double basin vanity w/cultured marble top with dressing table area, garden tub, new shower, privacy commode and tiled flooring. There's a pocket door to the guest wing for privacy. Bedroom #2(rear) also has laminate flooring, ceiling fan and wall closet, and Bedroom #3/Office has laminate flooring, ceiling fan and a wall closet. Inside laundry has tiled flooring and LG front load washer and dryer on pedestals. Two car garage has pull down stairs, screened over head door, new water heater, GENERAC GENERATOR with transfer switch, man door and automatic garage door opener. Lanai area has paver flooring and ceiling fan. Solar heated salt water pool has a mansard cage. 1/2 bath is located off the lanai and has tiled flooring and a vanity w/cultured marble top. 8x10 shed w/electric provides extra storage for all your gardening tools! Reverse Osmosis for the kitchen and ice maker and two water softeners for the rest of the home. New AC in 2016 and water heater in 2018. HURRICANE SHUTTERS FOR PEACE OF MIND!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$412 | |
| Property Insurance | -$166 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$167
|
||
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.
$334,900
PROJECTED PRICE
$2,060
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| 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
$94,499
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
8.58
YEARS SAVED
$45,692
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,812
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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2483 Frankfort Ct North Port, FL 5
- 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,119 Sqft ∙ Built 2004
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- $2,060
- $0.97
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4242 Jody Ave North Port, FL 1
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2007
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
2560 Verde Ter North Port, FL 2
- 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
1637 Saracen Ln North Port, FL 3
- 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,184 Sqft ∙ Built 2006
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.80
-
2797 Royal Palm Dr North Port, FL 4
- 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
PROPERTY LISTING DETAILS
1.941.474.5297
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6114835
Last Updated: 11/20/2020
