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3312 Avanti Cir North Port, FL 34287

3 Beds 2 Baths 1,176 sqft Built 1978

$229,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $195.49
  • 3 Days on Market
  • MLS # : C7437473
  • Updated Date : 01/15/2021 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 2 full
Listing Agent

Zobel Real Estate, Inc.

Listing Agent's Description

BEAUTIFULLY RENOVATED & FRESHLY PAINTED 3 bedroom 2 bath home nestled in the Jockey Club Community in North Port. This home features a lovely beach entry pool, designed with a gently sloping transition into the water, and a spa! Equipped with multiple lighting settings for both the pool and spa. Home offers a spacious open floor plan with BRAND NEW waterproof planked vinyl flooring throughout and ceramic tile. Wonderful open kitchen is furnished with wood cabinets, BRAND NEW countertops and a breakfast bar. You’ll love entertaining in this spacious kitchen with it just off the dining and great rooms. Master bedroom suite offers a gorgeous BRAND NEW renovated master bath with oversized tiles in the walk-in shower and a sleek vanity. BRAND NEW renovated guest bathroom also furnished with gorgeous oversized tiles in the shower and a sleek vanity. New ceiling fans installed in all common living areas. Front & back porches along with the garage offer fun epoxy speckled floors! Large backyard delivers additional outdoor living space to enjoy. Minutes away from the North Port Aquatic Center, the NEWwater park that features a 25-meter stretch pool, three slides, and a lazy river. Home is centrally located to EVERYTHING...US-41, I-75, schools, Suncoast Technical College, Shannon Staub Library and plenty of grocery & retail shopping, and dining. Convenient access to a magnitude of golf courses, world class fishing, boating and stunning gulf beaches!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Jocky Club of North Point

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $58k297k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Jocky Club of North Point

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q290010001100120013001400150016001700180019002000Rent in $8632041

* 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
Glenallen Elementary School Primary Regular 697 55 5
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Glenallen Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 55
5
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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$799
Property Tax -$283
Property Insurance -$108
HOA -$20
Property Management Fees -$129
CASH FLOW
-$48

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.

$229,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 14.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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

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$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$10,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,2504$1,2905$1,400
$1,400
RENT COMPS ANALYSIS
  • 3312 Avanti Cir North Port, FL 4
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.10
    •  
  • 3561 Lullaby Rd North Port, FL 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1979
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.02
    •  
  • 4620 Pan American Blvd North Port, FL 2
    • 3 beds 2 baths ∙ 1,151 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,151 Sqft ∙ Built 1979
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.09
    •  
  • 6816 Carovel Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.06
    •  
  • 4740 Avanti Cir North Port, FL 5
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1979
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.19
    •  
PROPERTY LISTING DETAILS
Laurie Zobel
1.941.629.6600
Zobel Real Estate, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437473
Last Updated: 01/15/2021
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