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PROPERTY INFO
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.
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 | $1,630 |
| 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
| 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
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
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
-
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
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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
1.941.228.2849
Re/max Anchor Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6115381
Last Updated: 12/11/2020
