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4415 Brodel Ave North Port, FL 34286

3 Beds 2 Baths 1,840 sqft Built 2004

$334,800

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
 

$301,320$368,280$334,800

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

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

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,472

INVESTMENT

$94,472

Down Payment
$83,700
Rehab Estimate
$5,750
Closing Costs
$5,022

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,235

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,700
Loan Amount $251,100
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,5003$1,5004$1,6005$1,930
$1,930
RENT COMPS ANALYSIS
  • 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
    •  
  • 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
Stacy Knispel
1.941.408.5082
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6112883
Last Updated: 12/05/2020
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