Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2823 S Salford Blvd North Port, FL 34287

3 Beds 2 Baths 1,709 sqft Built 2004

$349,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $204.21
  • 4 Days on Market
  • MLS # : C7440527
  • Updated Date : 03/26/2021 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full
Listing Agent

Kw Peace River Partners

Listing Agent's Description

SPACIOUS 3 Bedroom, 2 Bathroom, + A POOL and 2 Car Garage Home on a FENCED LOT in North Port on CITY WATER. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This beautiful home features a BRIGHT & AIRY open floor plan, high ceilings, recessed lighting, plantations shutters, and tile flooring throughout main living areas. The inviting Living Room offers plenty of space for entertaining, has a built-in TV alcove, surround system, and opens up to the back patio along w/ a seamless flow into the kitchen. Cook up a delicious meal in the large kitchen w/ plenty of storage, great amount of counterspace, a breakfast bar, all appliances, pantry closet, and even offers space for a nice dinette. The nicely sized room to the right upon entering the home can be used as formal dining room, den, or office! The Master Suite is a fantastic size w/ access to the back patio, a walk-in closet w/ built-in shelving and an attached Master Bathroom w/ dual sinks, a WALK-IN tiled shower, and a JETTED TUB! The additional bedrooms are on a split floor plan offering GREAT PRIVACY and both offer ceiling fans, laminate wood flooring, closets, and close access to the guest bathroom. Step out onto the SCREEND-IN back patio w/ a LARGE SOLAR HEATED POOL and a nice amount of space for a seating area - PERFECT for relaxing or hosting BBQ's w/ friends & family! INDOOR LAUNDRY ROOM - NEW A/C in 2020 - NEWER POOL PUMP 2018 - HEATED WASHLET TOILET SEATS IN BOTH BATHROOMS - GREAT CURB APPEAL - RAIN GUTTERS - OUTDOOR LIGHTING - FENCED IN BACKYARD - MATURE LANDSCAPING - & SO MUCH MORE! Minutes to US-41, close to local shopping, dining, and other amenities. Short drive to I-75, The newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays Spring Training. Schedule your showing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Cranberry Elementary School Primary Regular 791 57 8
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Cranberry Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 57
8
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
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,212
Property Tax -$429
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
-$131

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.

$349,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.51%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,6004$1,6505$1,780
$1,780
RENT COMPS ANALYSIS
  • 2823 S Salford Blvd North Port, FL 5
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.04
    •  
  • 4873 Londel Ave North Port, FL 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2006
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.83
    •  
  • 2680 Shalimar Ter North Port, FL 2
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 2005
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 1139 Petronia St North Port, FL 3
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 3131 Lopinto St North Port, FL 4
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Matthew Patterson
1.941.875.4177
Kw Peace River Partners
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7440527
Last Updated: 03/26/2021
BESbswy