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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $156.94
- 3 Days on Market
- MLS # : A4492695
- Updated Date : 02/27/2021 at 20:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,656 sqft
- Baths : 2 full
Listing Agent
Dalton Wade Inc
Listing Agent's Description
Home Sweet Home! Waiting for the perfect owner to love, and enjoy all what the North Port lovely lifestyle family community have to offer... This charming large open floor plan 3 bedroom, 2 baths corner lot home is an excellent opportunity to be a part of a growing community near shopping, beaches, golf courses, great schools, great restaurants and easy access to commuters as well!!... Call your favorite Realtor 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 | $1,580 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$320 | |
| Property Insurance | -$138 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$91
|
||
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.
$259,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.61%
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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
7.67
YEARS SAVED
$25,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,573
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2810 Beloit Ter North Port, FL 4
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,580
- $0.95
-
2314 Allsup Ter North Port, FL 1
- 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 2006
![property image]()
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
3442 Everett Ter North Port, FL 2
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.97
-
2474 Saybrook Ave North Port, FL 3
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
-
3153 Oklahoma St North Port, FL 5
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004
![property image]()
LEASED 02/22/21- Rent
- Rent Per SQFT
- $1,700
- $0.95
PROPERTY LISTING DETAILS
1.941.915.7604
Dalton Wade Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492695
Last Updated: 02/27/2021
