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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $217.48
- 2 Days on Market
- MLS # : C7445932
- Updated Date : 07/13/2021 at 11:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,236 sqft
- Baths : 2 full
Listing Agent
Kw Peace River Partners
Listing Agent's Description
Beautiful Move-in Ready 3 bedroom, 2 bath, 2 car garage home with large greenbelt in the back for extra privacy! This charming home features a living room with built-in TV entertainment center, an open kitchen with stainless steel appliances, pantry, cathedral ceilings and recess lighting, and a dining area with sliding doors that will lead you out to the screened-in lanai! Master bedroom has large walk-in closet and master bath comes with tiled walk-in shower and culture marble countertop. Guest bathroom has tub with combination shower. All bedrooms have ceiling fans. Entire home has large neutral tile flooring! Great location, close to shopping, schools with easy access to I-75 entrance. Sandy white beaches just a 20-minute drive! Make your appointment today!
SEE MORE
- 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)
- #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)
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 | $1,490 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$331 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$15
|
||
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.
$268,800
PROJECTED PRICE
$1,490
PROJECTED RENT
0.55%
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
$76,982
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,200 |
| Loan Amount | $201,600 |
5.58
YEARS SAVED
$16,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$1,289
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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2640 Salmista Ter North Port, FL 3
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2220 Allegheny Ln North Port, FL 1
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2516 Wurtsmith Ln North Port, FL 2
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- Rent Per SQFT
- $1,350
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3193 Monday Ter North Port, FL 4
- 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,495
- $1.06
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1918 Yankee Ter North Port, FL 5
- 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2002
LEASED 02/26/21- Rent
- Rent Per SQFT
- $1,500
- $1.08
PROPERTY LISTING DETAILS
1.941.426.4394
Kw Peace River Partners
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7445932
Last Updated: 07/13/2021
