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4529 Enid Ln North Port, FL 34288

3 Beds 2 Baths 1,635 sqft Built 2004

$279,900

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $171.19
  • 2 Days on Market
  • MLS # : C7435778
  • Updated Date : 11/21/2020 at 05:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,635 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome Home! This is what you've been looking for. This immaculate well maintained home has upgrades galore. Spacious open floor plan with split bedrooms. Large island/breakfast bar with upgraded granite counter tops. Newly installed 2 year old salt water pool with pebble tec pool finish, cage, patio, and heater. Upgraded vinyl floors in all bedrooms. Updated master bath stand up shower with sliding glass doors. New installed whole house water filtration system from EcoSystem, HVAC UV Light, window treatments, fresh paint inside and out, new ceilings fans and garbage disposal. Glass guard hurricane protection applied to all windows, newer rain gutters. Pristine landscaping with sprinkler system. The list goes on and on. Located close to schools, restaurants, shopping, I-75 and beaches.

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
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,033
Property Tax -$344
Property Insurance -$136
Property Management Fees -$80
CASH FLOW
-$73

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.

$279,900

PROJECTED PRICE

$1,520

PROJECTED RENT

0.54%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$1,4003$1,4954$1,5005$1,520
$1,520
RENT COMPS ANALYSIS
  • 4529 Enid Ln North Port, FL 5
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.93
    •  
  • 3956 Basket St North Port, FL 1
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $0.63
    •  
  • 3780 Adelaide Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 2006
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 4242 Jody Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2007
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.81
    •  
  • 4546 Maverick St North Port, FL 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2004
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.85
    •  
PROPERTY LISTING DETAILS
Dena Sternquist
1.941.303.3409
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7435778
Last Updated: 11/21/2020
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