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3638 Giblin Dr North Port, FL 34286

3 Beds 2 Baths 2,009 sqft Built 2002

$369,900

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $184.12
  • 5 Days on Market
  • MLS # : C7437640
  • Updated Date : 01/22/2021 at 15:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Thomas Ryan Real Estate Manage

Listing Agent's Description

VIEW THE 3D VIRTUAL TOUR. Centrally located North Port home for sale. This 3 bedroom, 2 bath, 2 car garage home is move in condition. The floor plan offers an open great room, split plan bedrooms and a formal dining room. The open kitchen has solid surface counter tops and opens to the breakfast nook. The master suite has direct access to the lanai, two closets, oversized tiled shower, soaking tub, two sinks, plus separate water closet. Additional features are the vaulted ceilings, tile floors in the traffic areas and a large lanai with roll down storm shutters. The pool has been refinished as well as the paver deck. The lot is oversized on a greenbelt and well-manicured and offers plenty of mature landscaping for the Florida feel. Easy access to I-75 or US 41 for shopping, restaurants, etc. and just a short drive to the 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: North Port Charlotte

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

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

Neighborhood: North Port Charlotte

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q210001100120013001400150016001700180019002000Rent in $9362041

* 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
Lamarque Elementary School Primary Regular 805 65 7
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Lamarque Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 65
7
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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,285
Property Tax -$430
Property Insurance -$159
Property Management Fees -$129
CASH FLOW
-$73

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.

$369,900

PROJECTED PRICE

$1,930

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$18,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,567

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4504$1,7505$1,930
$1,930
RENT COMPS ANALYSIS
  • 3638 Giblin Dr North Port, FL 5
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.96
    •  
  • 3604 Spinner Ave North Port, FL 1
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.77
    •  
  • 3643 Spinner Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 4793 Glordano Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.76
    •  
  • 3641 Inagua Ave North Port, FL 4
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
PROPERTY LISTING DETAILS
Shannon Gadbois
1.941.833.4777
Thomas Ryan Real Estate Manage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7437640
Last Updated: 01/22/2021
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