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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $181.96
- 2 Days on Market
- MLS # : N6112883
- Updated Date : 12/05/2020 at 18:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,840 sqft
- Baths : 2 full
Listing Agent
Exit King Realty
Listing Agent's Description
Step into your very own TROPICAL PARADISE! This gorgeous custom built home by Felson is up to date and offers all the comforts and SO MANY EXTRAS! Split floor plan features 3 bedrooms + Den. Has a formal dining room and breakfast nook. Large living room with soaring vaulted ceilings, and built-in lighted shelving. The kitchen features newer appliances with ample storage and clean white cabinetry & shelving provides plenty of additional storage. The relaxing master suite has lanai access via double FRENCH doors, TRAY CEILINGS that are painted to match lined with crown molding and his and hers closets. Master bathroom has dual sinks, walk in shower, and large tub. The 2nd CABANA bath provides access to the generous lanai that has a large heated pool with fountain and therapy bench. A privacy hedge surrounds the pool area & LUSHLY LANDSCAPED & LIGHTED grounds. Top off this amazing home: FABRIC ROLL-DOWN HURRICANE PROTECTION AND A $10k GENERATOR fueled by a 250g self-starter PROPANE GAS TANK, SURROUND SOUND, GUTTERS, ALARM SYSTEM, SPRINKLERS, GARAGE CABINETRY, PAINTED EXTERIOR 2020, FRESH INTERIOR PAINT 2019, NEW WATER SOFTNER FROM CULLIGAN 2020, SEPTIC 2017, LANAI 2017, NEW 18" TILE THROUGHOUT HOME 2018, and NEW EXHAUST FAN AND LIGHT IN MASTER BATH. All in a desirable neighborhood close to North Port's newest SHOPPING, RESTAURANTS , AND City Amenities. What more can you ask for? This is a must see home! Call today for your private showing!
SEE MORE
- 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.
- 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)
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 | $1,930 |
| EXPENSES | Loan Payment | -$1,235 |
| Property Tax | -$412 | |
| Property Insurance | -$149 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$5
|
||
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.
$334,800
PROJECTED PRICE
$1,930
PROJECTED RENT
0.58%
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
$94,472
LOAN DETAILS
$1,235
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,700 |
| Loan Amount | $251,100 |
6.25
YEARS SAVED
$27,782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,564
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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4415 Brodel Ave North Port, FL 5
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,930
- $1.05
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4793 Glordano Ave North Port, FL 1
- 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,914 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.76
-
5225 Sudlow Ave North Port, FL 2
- 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 2005
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
1817 N Salford Blvd North Port, FL 3
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 2005
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.84
-
1139 Petronia St North Port, FL 4
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2005
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.96
PROPERTY LISTING DETAILS
1.941.408.5082
Exit King Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6112883
Last Updated: 12/05/2020
