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2896 Kasim St North Port, FL 34286

3 Beds 2 Baths 1,418 sqft Built 1999

$294,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $207.97
  • 3 Days on Market
  • MLS # : D6115381
  • Updated Date : 12/11/2020 at 15:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,418 sqft
  • Baths : 2 full
Listing Agent

Re/max Anchor Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. BRAND NEW ROOF!!!! Newer A/C Newly remodeled Kitchen, Newly resurfaced pool. CITY WATER TOO. These are just a few examples of New things that have been done to this impeccable home! From the moment you pull up you will see the beautifully landscaped home with custom curbing all around and a large shed in the back. You will enter through a front screened in entryway with new doors and once inside it is obvious that Mrs. Clean lives in this house! The kitchen has been completely updated with quartz countertops, recess lighting and stainless steel appliances. The bedrooms are laid out so master is on the other side of the home from the guest bedrooms for that extra privacy. The whole house is tile flooring so no worries on having to tear out carpet! You can access the GORGEOUS pool through sliders from Dining Room area and Master suite. Once outside, you won't want to come in! From the Gorgeous pool to the large Lanai to the lovely manicured yard, This home has it all and is Truly a GEM. Show this home with confidence!!!! You won't be disappointed! BE SURE TO SEE THE 3D VIRTUAL TOUR ATTACHED TO THIS LISTING.

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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
Lamarque Elementary School Primary Regular 805 65 7
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Lamarque Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 65
7
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 50
7
GreatSchools Rating

North Port High School

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

$265,410$324,390$294,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,088
Property Tax -$363
Property Insurance -$123
Property Management Fees -$129
CASH FLOW
-$73

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.

$294,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.55%

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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,899

INVESTMENT

$83,899

Down Payment
$73,725
Rehab Estimate
$5,750
Closing Costs
$4,424

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,725
Loan Amount $221,175
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$17,196

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5004$1,5755$1,630
$1,630
RENT COMPS ANALYSIS
  • 2896 Kasim St North Port, FL 5
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.15
    •  
  • 3377 N Salford Blvd North Port, FL 1
    • 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,346 Sqft ∙ Built 1992
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.11
    •  
  • 3439 N Salford Blvd North Port, FL 2
    • 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,553 Sqft ∙ Built 1994
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.97
    •  
  • 3605 Caballero Ave North Port, FL 3
    • 3 beds 4 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,602 Sqft ∙ Built 2006
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 2628 N Salford Blvd North Port, FL 4
    • 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
PROPERTY LISTING DETAILS
Debbie Jones
1.941.228.2849
Re/max Anchor Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6115381
Last Updated: 12/11/2020
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