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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $175.96
- 2 Days on Market
- MLS # : N6114200
- Updated Date : 03/06/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,159 sqft
- Baths : 2 full
Listing Agent
Re/max Platinum Realty
Listing Agent's Description
OPEN HOUSE: Sunday 2/7 from 11am - 3pm. 3 bedrooms plus a Den / Heated pool / Split plan /2 baths / 2 car garage in SARASOTA COUNTY. 3,051 total square foot home - 2,159 under air. Large beautiful remodeled kitchen with gorgeous granite. Stainless appliances and farmhouse style sink with commercial style sprayer/faucet. Kitchen has a counter height bar. Dining is connected to the kitchen and opens up to the large living area. All new laminate flooring in the bedrooms and the den. Wood plank style ceramic flooring thru the main body of the home. French glass doors open to the pool and patio area from the living room and the master bedroom. Spacious Master Suite has double closets and a glass enclosed shower with separate soaking tub, private restroom and dual sinks. Nice wooded lot to the right of the home. NO HOA or CDD fees. Septic Tank has been inspected, pumped and serviced on 3/2/2021. Close to shopping and restaurants. 10 minutes to the mall. 10 minutes to I-75. 20 minutes to the exciting new Wellen Park and Braves Stadium. 25 minutes to Punta Gorda Airport. 30 minutes to Gulf Beaches. 30 minutes to Venice Island. 40 minutes to Siesta Key
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,940 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$467 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$144
|
||
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.
$379,900
PROJECTED PRICE
$1,940
PROJECTED RENT
0.51%
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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
3.92
YEARS SAVED
$13,395
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,711
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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2678 Mather Ln North Port, FL 5
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- Rent Per SQFT
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2673 Vizza Ln North Port, FL 1
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,500
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2831 Ashland Ln North Port, FL 2
- 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
-
3466 Mayflower Ter North Port, FL 3
- 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
-
1637 Saracen Ln North Port, FL 4
- 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
PROPERTY LISTING DETAILS
1.941.894.9800
Re/max Platinum Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6114200
Last Updated: 03/06/2021
