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2682 Seagull Ln North Port, FL 34286

3 Beds 3 Baths 1,814 sqft Built 1991

$335,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $184.67
  • 3 Days on Market
  • MLS # : D6115970
  • Updated Date : 01/23/2021 at 06:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

Aggressive Realty

Listing Agent's Description

Great POOL home with organic flow and architectural interest! Half sun windows for extra light and unique wood plinth and rosette trim around all doors. ADDITIONAL LOT AND CITY WATER! Lots of flexible space in this updated and upgraded home with an extra HALF BATH for pool. Large Great room with expansion library area and dinette or can be used as all living room. Kitchen has eat in dinette or great as office space. Family room next to kitchen or large formal dining room as currently used. Garage has separate mini split AC/HEAT, cans and strip task lighting with tile flooring for the hobby enthusiast; or owner will remove temp wall and install door opener for your use as a two car garage. Kitchen and baths updated with granite counters, new porcelain tile flooring and splash area. Kitchen features LG appliances and beautiful and useful 42" cabinets with crown, down lights over counters and up lighting. New ROOF 2015 and HURRICANE RATED WINDOWS means no shutters to put up. Pool remarcited, new hot water heater and vinyl privacy fence 2017. NEW POOL HEATER 2018. Porcelain tile throughout except one bedroom. 12x16 shed large enough for motorcycle storage with roll up door, electric and additional loft storage. Rain gutters have leaf guard system so you don't have to clean them out! NO HOA, no deed restrictions. Use your extra lot for RV, boat parking, additional shop or garage or seller willing to sell without it. Centrally located off S Chamberlain between US41 and easy access to I75. Shopping, golf, major medical, restaurants, car service, Home Depot, WalMart all within 2 miles. Minutes to two Spring Training Baseball Stadiums, world class beaches and fishing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Atwater Elementary School Primary Regular 718 53 6
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Atwater Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 53
6
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,164
Property Tax -$412
Property Insurance -$147
Property Management Fees -$129
CASH FLOW
$8

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.

$335,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,5004$1,6505$1,860
$1,860
RENT COMPS ANALYSIS
  • 2682 Seagull Ln North Port, FL 5
    • 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.03
    •  
  • 3643 Melissa Ter North Port, FL 1
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2004
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 1935 Marasco Ln North Port, FL 2
    • 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.85
    •  
  • 3677 Needle Ter North Port, FL 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 2831 Ashland Ln North Port, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Mary Lou Mckinley
1.941.391.3254
Aggressive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6115970
Last Updated: 01/23/2021
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