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2603 Dalhart Ave North Port, FL 34286

3 Beds 2 Baths 1,932 sqft Built 2006

$249,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $128.88
  • 6 Days on Market
  • MLS # : A4482408
  • Updated Date : 11/03/2020 at 09:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

Move-in ready Windemere built home featuring cathedral ceilings, split bedroom floor plan, 3 bedrooms plus a Versatile Bonus room, 2 full baths, & 2 car garage in a lush tropical landscaped setting. New kitchen cabinets w/ beautiful granite countertops, glass backsplash and granite breakfast bar, large stainless-steel sink with reverse osmosis system and nice size pantry for storage. Recently painted interior, neutral tile flooring in living room, dining room and kitchen. The multipurpose “bonus” room is accented with a tray ceiling, vinyl flooring and double French Doors lead to an outdoor screened lanai. A special place perfect for relaxing or entertaining while enjoying the serene backyard views. Open-air paver patio is great for grilling or simply enjoying the Florida weather. Ideal location with No HOA fees and No CDD fees. Spacious Master bedroom has one large walk-in closet and one standard closet plus an alcove for even more space with direct access to the screened lanai via the double French Doors. Master en-suite bathroom offers a newly tiled and updated large walk-in shower. There are two additional good size bedrooms with closets and the guest bath features a tub/shower combination and new beautiful granite countertop. All the main rooms and bedrooms have ceiling fans for your comfort. Inside Utility room is located off the kitchen with storage cabinet and utility sink. New hot water heater 2020, new garage opener 2020. Located close to N. Cranberry Blvd and only 5 minutes to 1-75 yet tucked away from the hustle and bustle in an attractive, quiet neighborhood and only minutes to grocery stores, restaurants, golfing, shopping, great schools and parks including the new North Port Aquatic Center. Nearby, enjoy the natural wonder of Myakka River State Park with miles of bike trails, hiking paths, horse trails, bird watching, canoeing and kayaking and much more. Sandy white beaches only 25 minutes from this location. Everything you have been searching for is here. Don't miss this well-built home, make an appointment today.

SEE MORE

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: North Port Charlotte

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

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

Neighborhood: North Port Charlotte

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q210001100120013001400150016001700180019002000Rent in $9362041

* 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
Lamarque Elementary School Primary Regular 805 65 7
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Lamarque Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 65
7
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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$919
Property Tax -$306
Property Insurance -$155
Property Management Fees -$80
CASH FLOW
$201

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.

$249,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$42,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6503$1,6604$1,8505$2,150
$2,150
RENT COMPS ANALYSIS
  • 2603 Dalhart Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 1739 Lansdale Ave North Port, FL 1
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2007
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.78
    •  
  • 3726 N Cranberry Blvd North Port, FL 2
    • 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2007
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 3025 Barry Rd North Port, FL 4
    • 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2005
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
  • 2231 Ann Arbor Rd North Port, FL 5
    • 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
PROPERTY LISTING DETAILS
Pamela Wall
1.941.504.5019
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482408
Last Updated: 11/03/2020
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