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3580 Elyton Ct North Port, FL 34287

3 Beds 2 Baths 1,319 sqft Built 1978

$225,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
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.

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MARKET HIGHLIGHTS

  • 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

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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

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

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,2503$1,4004$1,4005$1,420
$1,420
RENT COMPS ANALYSIS
  • 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
Jon Swift
1.941.350.3176
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487677
Last Updated: 01/07/2021
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