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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $136.95
- 15 Days on Market
- MLS # : C7435591
- Updated Date : 11/27/2020 at 19:21
CONSTRUCTION
- Beds : 3
- Floor Size : 2,154 sqft
- Baths : 2 full
Listing Agent
Five Star Realty Of Charlotte
Listing Agent's Description
Reduced...GREAT DEAL! This 3/2/2, 2154sf, split floor plan, pool home located in North Port, near shopping and restaurants. A short ride to Englewood or south to Punta Gorda for the small town atmosphere, less than an hour to many beaches. The main area floors have been updated with wood plank style tile. The bedrooms have new vinyl flooring. YOU MUST SEE THIS KITCHEN! It was remodeled with wood cabinetry and many upgrades, such as, plate drawers, spice drawer, Lazy Suzan, soft close, roll out shelves, under cabinet lighting, glass backsplash, beautiful granite countertops and stainless steel appliances. There are 2 pantries and a large eating area. The kitchen overlooks the family room with windows to the yard and a slider to the lanai. The living room and dining area have 6 inch baseboards and share a large open space with vaulted ceilings and a wonderful view of the front yard, pool, and lanai area. A Nest thermostat was recently installed. The master bedroom has sliders out to the pool, a walk-in closet, walk-in shower that was just retiled, water closet, double bowl sinks and a soaking tub with beautiful corner windows. The 2nd and 3rd bedroom along with the hall bathroom are across the house offering privacy. The indoor laundry room has a wash sink and room for cabinets. There is lots of space on the lanai for Florida outdoor living. You can cool off in your pool and enjoy privacy with the 6ft privacy vinyl fence. There is a shed in the corner for your extra toys. A new well was drilled 4 years ago. The pool pump motor was recently replaced. This house has great bones, a with a little TLC you can make make this your next beautiful home!
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: 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 | $1,670 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$363 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$29
|
||
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.
$295,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.57%
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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
5.42
YEARS SAVED
$19,976
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,842
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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2556 Saturday St North Port, FL 3
- 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,154 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,670
- $0.78
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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
-
2794 Zodiac St North Port, FL 2
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2007
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
3516 Winer Rd North Port, FL 4
- 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2007
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.87
-
1622 Boswell St North Port, FL 5
- 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,098 Sqft ∙ Built 2007
LEASED 07/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.91
PROPERTY LISTING DETAILS
1.941.626.1398
Five Star Realty Of Charlotte
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7435591
Last Updated: 11/27/2020
