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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $173.60
- 2 Days on Market
- MLS # : A4492062
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,958 sqft
- Baths : 2 full
Listing Agent
Shirley International Realty
Listing Agent's Description
This 4 bedroom 2 bath is not a typical North Port home. The enormous backyard is like a park setting with privacy making you feel you are out in the wilderness. The backyard overlooks 80 feet of freshwater canal frontage, I have been told there are over 80 miles of canals in North Port for kayaking, canoeing and fishing. Enjoy this special feature everyday all year long, you will never want to leave! The home has an updated kitchen with all new Shaker Cabinets and new granite counter tops. The range, the over the range microwave and the refrigerator are new. The dishwasher is 2 years old. Brand new Samsung clothes washer and dryer included. Both bathrooms have new vanities and fixtures. Lights and fans throughout the house are all new along with the window treatments. The master bedroom has oak hardwood floors while the living spaces have the water proof vinyl planking and 2 of the bedrooms have new carpet. The exterior and interior both have been freshly painted. This home is move in ready! At this home, you can live the active Florida living lifestyle, your friends and family would be envious of....So invite them along!!
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: 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 | $1,990 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$418 | |
| Property Insurance | -$156 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$106
|
||
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.
$339,900
PROJECTED PRICE
$1,990
PROJECTED RENT
0.59%
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
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
7.5
YEARS SAVED
$32,642
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,782
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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3191 Traverse Ave North Port, FL 5
- 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,990
- $1.02
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1817 N Salford Blvd North Port, FL 1
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
3726 N Cranberry Blvd North Port, FL 2
- 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 2007
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
3153 Oklahoma St North Port, FL 3
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 2004
LEASED 02/04/21- Rent
- Rent Per SQFT
- $1,700
- $0.95
-
1233 Andalusia St North Port, FL 4
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2004
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
PROPERTY LISTING DETAILS
1.941.893.0550
Shirley International Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4492062
Last Updated: 02/21/2021
