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2821 Embassy Rd North Port, FL 34291

3 Beds 2 Baths 1,746 sqft Built 2006

$238,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • #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

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
Glenallen Elementary School Primary Regular 697 55 5
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Glenallen Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 55
5
GreatSchools Rating

Heron Creek Middle School

  • Education Level: Middle
  • # of students: 863
  • # of teachers: 64
6
GreatSchools Rating

North Port High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 119
6
GreatSchools Rating
 

$214,200$261,800$238,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,820

INVESTMENT

$68,820

Down Payment
$59,500
Rehab Estimate
$5,750
Closing Costs
$3,570

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,500
Loan Amount $178,500
See What Happens When You Reinvest Cash Flow

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
$1,195
1$1,1952$1,2653$1,4204$1,4255$1,450
$1,450
RENT COMPS ANALYSIS
  • 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
Wizeth Stecconi
1.941.525.3441
Accardi & Associates Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6112799
Last Updated: 11/27/2020
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