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3414 Oklahoma 
North Port, FL
34286
3 Beds 2 Baths 1,241 sqft
Built 2003
INVESTimate
$195,000
List Price
$57,425
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $157.13
- 2 Days on Market
- MLS # : A4476329
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,241 sqft
- Baths : 2 full
Listing Agent
Bright Realty
Listing Agent's Description
Adorable home, at an affordable price. Home has nice split plan layout and has been freshly painted in neutral tones making it easy peasy to add your finishing touches. Features also include an eating area off kitchen, cathedral ceilings, built-in tv space, and plenty of room for a pool. All information deemed reliable but Buyer's agent should verify
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$719 |
| Property Tax | -$240 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$219
|
||
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.
$195,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,425
LOAN DETAILS
$719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $48,750 |
| Loan Amount | $146,250 |
11.58
YEARS SAVED
$40,738
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,238
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3414 Oklahoma North Port, 1
- 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,370
- $1.10
-
2509 N Chamberlain Blvd North Port, 2
- 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
LEASED 08/29/19- Rent
- Rent Per SQFT
- $1,385
- $0.99
-
3805 N Cranberry Blvd North Port, 3
- 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,445
- $1.03
-
3442 Everett Ter North Port, 4
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005
LEASED 05/28/19- Rent
- Rent Per SQFT
- $1,500
- $0.97
-
2474 Saybrook Ave North Port, 5
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
PROPERTY LISTING DETAILS
1.941.321.7140
Bright Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476329
Last Updated: 08/26/2020
