Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4226 Cynthia Ter North Port, FL 34286

3 Beds 2 Baths 1,220 sqft Built 2002

$199,500

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $163.52
  • 2 Days on Market
  • MLS # : N6113286
  • Updated Date : 01/09/2021 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

Exit King Realty

Listing Agent's Description

This light, bright and shiny home is so appealing the moment you walk in you won't want to leave! Everything is immaculate from tastefully painted exterior to an interior that appears larger than it is. This split plan home was built by Windermere construction and the quality shows. All three bedrooms have beautiful dark wood laminate flooring. The open living area which includes the kitchen, dining area and family room is done with ceramic tile and cathedral ceilings. The kitchen features wood cabinets, granite countertops and a large pantry. The master bathroom as well as the guest bath also have granite countertops and wood vanities. The oversized lanai looks out over the perfect wood fenced backyard to keep pets safe. All of this and close to shopping, schools and recreation. Call today to schedule your private showing.

SEE MORE

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: 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
 

$179,550$219,450$199,500

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 -$693
Property Tax -$245
Property Insurance -$111
Property Management Fees -$129
CASH FLOW
$242

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.

$199,500

PROJECTED PRICE

$1,420

PROJECTED RENT

0.71%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$693

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$37,140

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
  • $1.16

    LIST RENT PER SQFT
  • $1,116

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$895
1$8952$1,2503$1,2504$1,4205$1,495
$1,495
RENT COMPS ANALYSIS
  • 4226 Cynthia Ter North Port, FL 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.16
    •  
  • 2550 Comet Ln North Port, FL 1
    • 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,241 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $895
    • $0.72
    •  
  • 2220 Allegheny Ln North Port, FL 2
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 2004
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.96
    •  
  • 3433 Monday Ter North Port, FL 3
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 2006
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.90
    •  
  • 1460 Heath Ln North Port, FL 5
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 2005
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jeff Stone
1.941.497.6060
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113286
Last Updated: 01/09/2021
BESbswy