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3835 Caesar Rd North Port, FL 34288

3 Beds 2 Baths 1,458 sqft Built 2006

$225,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $154.32
  • 2 Days on Market
  • MLS # : A4483746
  • Updated Date : 11/14/2020 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Orquera Florida Investments

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom very well maintained and located in a quiet neighborhood on the Southwest end of North Port. Great secluded home with trees and privacy in a great location close to shopping, the mall, golf courses, beaches, restaurants, and good school district. Perfect family home with contemporary look, decorator light fixtures, cathedral ceilings, vaulted ceiling, window treatments, built in 2006. Huge kitchen with 2 large windows situated in the front of the home providing a lot of indirect light to the spacious eat-in kitchen, breakfast bar and large counter space. Includes a spacious pantry. Split floor plan with large 2 bedrooms and a bathroom on one side of the home and a large master bedroom with huge walkin closet, and a spacious beautiful bath with roman shower. Floor to ceiling ceramic tile in both bathroom. Laundry area located right outside the master bedroom making it very convenient. Large private screen enclosed lanai to relax and enjoy the surrounding nature and yard. Built in irrigation system. Owners are using house as a seasonal residency for a few months only during the year. Very well maintained. Furniture and spa available for sale.

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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
Atwater Elementary School Primary Regular 718 53 6
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Atwater Elementary School

  • Education Level: Primary
  • # of students: 718
  • # of teachers: 53
6
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 50
7
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

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$830
Property Tax -$277
Property Insurance -$125
Property Management Fees -$80
CASH FLOW
$248

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

$1,560

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$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 30% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

11.5

YEARS SAVED

$46,702

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,305

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,5004$1,5605$1,595
$1,595
RENT COMPS ANALYSIS
  • 3835 Caesar Rd North Port, FL 4
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.07
    •  
  • 4238 Kiska Rd North Port, FL 1
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2005
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 5023 Andris St North Port, FL 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2003
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 4546 Maverick St North Port, FL 3
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2004
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
  • 3706 Johannesberg Rd North Port, FL 5
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 2019
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.07
    •  
PROPERTY LISTING DETAILS
Nadia Vizza
1.941.266.3915
Orquera Florida Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483746
Last Updated: 11/14/2020
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