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2590 Mincey Ter 
North Port, FL
34286
4 Beds 2 Baths 2,353 sqft
Built 2005
INVESTimate
$254,900
List Price
$73,299
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $108.33
- 3 Days on Market
- MLS # : C7432390
- Updated Date : 08/25/2020 at 16:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,353 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Sunstar Realty
Listing Agent's Description
If you're looking for space, both inside and out, this is the place for you! Situated on 2 lots, almost 1/2 acre, this home has almost 2,400 square feet under air. Enter through the double door entry to view the volume ceilings throughout! This 4 bedroom, 2 bath split plan has an additional room with French doors...perfect for the home office or private den. There is tile throughout the main living areas and laminate in the bedrooms and den. The enormous kitchen (25x11) opens to the family room and has newer appliances, lots of raised panel cabinetry, a built in desk area, pantry and long breakfast bar. The living room, master bedroom and dinette area all open with sliders to the 26x9 lanai overlooking the beautifully maintained back yard. Yes...there is room for a pool. The master suite features 2 walk-in closets and a large bathroom with 2 separate sink areas, a garden tub plus large tile walk-in shower. There are hurricane shutters (lowers your insurance costs), an irrigation system and an 8x10 shed for additional storage. All this and located centrally, in growing North Port, with easy access to I-75, restaurants, golfing, shopping and not far from beaches and fishing. Come see this one today...you'll be glad you did!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$940 |
| Property Tax | -$334 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$105
|
||
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.
$254,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$73,299
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,725 |
| Loan Amount | $191,175 |
8
YEARS SAVED
$30,984
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,747
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
2590 Mincey Ter North Port, 3
- 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,353 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,640
- $0.70
-
2372 Pilger Ave North Port, 1
- 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2008
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.69
-
3008 Sagebloom Ter North Port, 2
- 3 beds 2 baths ∙ 2,247 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,247 Sqft ∙ Built 2006
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,625
- $0.72
-
3466 Mayflower Ter North Port, 4
- 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
2618 Margaret Ln North Port, 5
- 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,166 Sqft ∙ Built 2006
LEASED 09/03/19- Rent
- Rent Per SQFT
- $1,700
- $0.78
PROPERTY LISTING DETAILS
1.941.586.8463
Coldwell Banker Sunstar Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7432390
Last Updated: 08/25/2020
