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4406 Glordano Ave North Port, FL 34286

3 Beds 2 Baths 1,170 sqft Built 2015

$209,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $178.63
  • 4 Days on Market
  • MLS # : N6113048
  • Updated Date : 12/19/2020 at 21:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

One or more photo(s) has been virtually staged. Concrete block construction built in 2015 with 3 bedrooms and 2 baths now available in the City of North Port! This well-maintained home is ready for immediate occupancy and available for all types of financing. Freshly painted exterior and landscaping complete with a signature red door provides a welcoming entrance. Enjoy an open-concept arrangement in the combined living and dining room leading to a galley-style kitchen complete with a breakfast bar overlooking the great room. The kitchen is outfitted with granite tops and stainless appliance package with convenient access to an expansive garage complete with washer and dryer hookups. You will love the cathedral ceilings and ceramic tile throughout further emphasizing the abundance of natural sunlight streaming in from glass sliders leading to an outdoor patio space. The backyard is bordered by mature trees for privacy with plenty of room for a pool. Centrally located brimming with dining, shopping, and entertainment options combined with proximity to great schools and recreational amenities. Only a short drive away to golf and boating attractions with easy access to I-75 for daily commuting. Ideal as a starter home or winter retreat, this move-in ready single-family home offers an incredible opportunity as a rental investment. Act now and schedule your private tour today!

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
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$771
Property Tax -$257
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
$185

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.

$209,000

PROJECTED PRICE

$1,450

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

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$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$37,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,243

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3153$1,3504$1,4005$1,450
$1,450
RENT COMPS ANALYSIS
  • 4406 Glordano Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.24
    •  
  • 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
    •  
  • 5569 Landry Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,187 Sqft ∙ Built 2018
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,315
    • $1.11
    •  
  • 4597 Badosa Rd North Port, FL 3
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 2005
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 4809 Eldron Ave North Port, FL 4
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1999
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Patrick Brogley
1.941.361.9031
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113048
Last Updated: 12/19/2020
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