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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $136.31
- 5 Days on Market
- MLS # : N6112799
- Updated Date : 11/27/2020 at 16:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,746 sqft
- Baths : 2 full
Listing Agent
Accardi & Associates Real Estate
Listing Agent's Description
Welcome to your new Florida home!! This meticulously maintained home is move in ready and waiting for you! You will love this beautiful house with split floor plan that gives you all the space you need. The master bedroom has plenty of space and a very large walk-in closet, the en suite has not one but two vanities giving you the space you need to get ready in the mornings... with a soaking tub and a separate walk in shower. The location is great and is only a few minutes from schools, shopping, restaurants & please let not forget about all the outside activities the area has to offer... golfing, biking, fishing, kayaking and beautiful gulf beaches!
SEE MORE
- #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)
- 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)
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 | $1,420 |
| EXPENSES | Loan Payment | -$878 |
| Property Tax | -$293 | |
| Property Insurance | -$143 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$26
|
||
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.
$238,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.60%
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
$68,820
LOAN DETAILS
$878
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,500 |
| Loan Amount | $178,500 |
6.5
YEARS SAVED
$21,294
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,480
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
2821 Embassy Rd North Port, FL 3
- 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,420
- $0.81
-
2886 Duar Ter North Port, FL 1
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
LEASED 10/11/19- Rent
- Rent Per SQFT
- $1,195
- $0.85
-
2587 Ponce De Leon Blvd North Port, FL 2
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1995
LEASED 10/09/19- Rent
- Rent Per SQFT
- $1,265
- $0.90
-
7608 Paragon Rd North Port, FL 4
- 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,425
- $0.83
-
1736 Sontana St North Port, FL 5
- 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
PROPERTY LISTING DETAILS
1.941.525.3441
Accardi & Associates Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6112799
Last Updated: 11/27/2020
