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4168 Corydon Ave North Port, FL 34286

3 Beds 2 Baths 1,334 sqft Built 2000

$245,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $183.66
  • 2 Days on Market
  • MLS # : N6113508
  • Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Sunstar Realty

Listing Agent's Description

*DOUBLE LOT*CITY WATER* This one owner home is ready for you! Some of the fabulous features are a a fenced in yard, Summer kitchen including grill, 12x20 shed, updated master bath with 5x7 shower, New water heater, Updated kitchen with gorgeous granite counters and stainless appliances, plenty of room to park your boat or RV, screened front porch and garage door screens.

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
Woodland Middle School Middle Regular 857 50 7
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

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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$851
Property Tax -$301
Property Insurance -$118
Property Management Fees -$129
CASH FLOW
$61

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.

$245,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.60%

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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$22,092

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,464

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4603$1,4754$1,5755$1,585
$1,585
RENT COMPS ANALYSIS
  • 4168 Corydon Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.09
    •  
  • 2540 Vedado St North Port, FL 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2004
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 1539 Tripoli St North Port, FL 3
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.16
    •  
  • 2628 N Salford Blvd North Port, FL 4
    • 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,404 Sqft ∙ Built 1996
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.12
    •  
  • 4306 La France Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2006
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.04
    •  
PROPERTY LISTING DETAILS
Heidi Choiniere
1.941.423.2521
Coldwell Banker Sunstar Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113508
Last Updated: 01/24/2021
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