Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $170.58
- 4 Days on Market
- MLS # : A4487677
- Updated Date : 01/07/2021 at 17:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,319 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
BEAUTIFULLY UPDATED, 2019 WINDOWS, OPEN FLOOR PLAN, HUGE 1/3 ACRE LOT, BACKS UP TO PARK, GRANITE COUNTERS, CUL DE SAC, JOCKEY CLUB POOL and COURTS, CENTRAL LOCATION, MOVE-IN-READY... You'll fall in love with this beautifully updated 3 bed, 2 bath 1 car garage home. The low maintenance tile floors throughout perfectly showcase the open floorplan kitchen with its large bar top peninsula, ample cabinets, granite counters, granite backslash, and 4 piece appliance set including fridge, dishwasher, range, microwave as well as a garbage disposal. You'll appreciate the spacious open living and dining rooms. The master bedroom has a large picture window and an ensuite bathroom with walk-in shower. The roomy two additional bedrooms have tile floors and ceiling fans. The guest bathroom has an updated vanity and a bathtub. Laundry is in the hallway closet. Off the kitchen is a large dining room overlooking the adjacent park. The oversize, fully fenced backyard is setup to entertain with a shaded pergola and firepit encircled by sand all overlooking an included large projection TV for game day and outdoor movie entertainment. The yard is shaded by grand oaks and towering pines with plenty of room for a pool and can possibly add a mother-in-law suite or workshop. This home is located on a dead end street cul de sac in the desirable Jockey Club with the clubhouse only a few blocks away. The club offers a community pool, tennis court, basketball court, shuffleboard court, clubhouse and community activities. Centrally located under 3 mile from the local pharmacy, grocery, and numerous restaurants and 16 miles to the excitement and beauty of Englewood Beach. Move-in-Ready, Must See home...3-D VIRTUAL TOUR AVAILABLE.
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: Jocky Club of North Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Jocky Club of North Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$277 | |
| Property Insurance | -$117 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$95
|
||
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.
$225,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
8.08
YEARS SAVED
$23,305
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,418
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
3580 Elyton Ct North Port, FL 5
- 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,420
- $1.08
-
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
-
6816 Carovel Ave North Port, FL 2
- 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 3
- 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
-
3481 Nekoosa St North Port, FL 4
- 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
PROPERTY LISTING DETAILS
1.941.350.3176
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4487677
Last Updated: 01/07/2021
