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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $151.40
- 2 Days on Market
- MLS # : C7438976
- Updated Date : 02/20/2021 at 17:22
CONSTRUCTION
- Beds : 3
- Floor Size : 2,146 sqft
- Baths : 2 full
Listing Agent
Douglas Realty & Development
Listing Agent's Description
Centrally located in an increasingly desirable area of North Port where inventory is low. This is any buyer’s dream. I can’t wait for you to see this beautiful 3-bedroom, 2-bath, 2-car garage *pool home* with an entire extra lot included in the purchase price. Expand your dream home, finally buy that boat and have the extra space to park it.. or just hold on to the extra property as North Port lot values continue to steadily rise! Relax and take a dip in your serene and private pool. Take a deep breath. Unwind in this tranquil oasis without a worry in sight, knowing your pool has been consistently maintained, and the pump recently replaced. Listen to the birds singing a song just for you.. admire your lush, tropical surroundings. This is the Florida lifestyle you see in the magazines. When you feel just sun-kissed enough, grab a towel and wander back inside the 2100+ sq ft. that is your very own home sweet home. The cool air greets your warm skin. You smile, appreciating the AC which was replaced just 4 years ago. This little slice of paradise is yours, and headache-free. The split floor plan gives you even more peace of mind.. with the little ones (or guests) spacious bedrooms ingeniously just far enough from your sprawling master bed and bathroom. That soaking tub is oh-too-tempting!
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: 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$400 | |
| Property Insurance | -$168 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$45
|
||
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.
$324,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
5.17
YEARS SAVED
$17,387
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,787
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4114 Manchester Ter North Port, FL 4
- 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2001
![property image]()
- Rent
- Rent Per SQFT
- $1,780
- $0.83
-
2673 Vizza Ln North Port, FL 1
- 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,956 Sqft ∙ Built 2006
![property image]()
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,500
- $0.77
-
2831 Ashland Ln North Port, FL 2
- 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.82
-
3466 Mayflower Ter North Port, FL 3
- 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,127 Sqft ∙ Built 2006
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
1940 Franklin Ln North Port, FL 5
- 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2003
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.96
PROPERTY LISTING DETAILS
1.239.229.7931
Douglas Realty & Development
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7438976
Last Updated: 02/20/2021
