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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $195.96
- 3 Days on Market
- MLS # : C7438244
- Updated Date : 02/05/2021 at 21:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,883 sqft
- Baths : 2 full
Listing Agent
Compass Florida
Listing Agent's Description
PREMIER GOLF COURSE COMMUNITY! Beautiful 3 BD, 2 BA, 2-car garage pool home located on the 16th hole of Charlotte Harbor National Golf Club at BOBCAT TRAIL! Enjoy serene golf course views from the covered lanai and screened heated pool and spa. Freshly painted interior with double tray ceilings, formal dining area, zero-corner slider in living room, well-appointed kitchen with quartz counters, tile backsplash, breakfast bar, closet pantry and new stainless appliances on order plus casual dining area with aquarium window. Generous master suite offers corner slider to pool and private ensuite with dual sinks, walk-in shower and large closet. Additional features include luxury vinyl flooring in bedrooms, separate full guest bath, inside utility, newly painted garage plus gas hot water heater and pool heater. Meticulously maintained with pride in ownership. Bobcat Trail amenities include community center with social events and fitness room, year-round heated pool, tennis courts, recreation facilities and 18-hole Bob Tway designed championship golf course where membership is OPTIONAL! Friendly community located in the heart of North Port close to restaurants, shopping, schools and just a short drive north to Sarasota, south to Charlotte Harbor or downtown historic Punta Gorda and to SWFL award winning beaches. Don’t miss this opportunity! Call for your private showing today!
SEE MORE
- 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: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$454 | |
| Property Insurance | -$152 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$146
|
||
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.
$369,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 4.5% |
| 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
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
8.08
YEARS SAVED
$38,670
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,629
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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5023 Andris St North Port, FL 1
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- $1,300
- $0.83
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- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.82
-
2560 Verde Ter North Port, FL 3
- 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
2797 Royal Palm Dr North Port, FL 4
- 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,028 Sqft ∙ Built 2003
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
PROPERTY LISTING DETAILS
1.941.205.8478
Compass Florida
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7438244
Last Updated: 02/05/2021
