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4691 Pocatella Ave North Port, FL 34287

3 Beds 2 Baths 1,417 sqft Built 1980

$199,900

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $141.07
  • 4 Days on Market
  • MLS # : A4486925
  • Updated Date : 12/25/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,417 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

BEAUTIFULLY UPDATED, OPEN FLOOR PLAN, LUSH YARD, GRANITE COUNTERS, STAINLESS STEEL APPLIANCES, LARGE LANAI, CENTRAL LOCATION, MOVE-IN-READY... You'll fall in love with this beautifully updated home. The wood-look plank laminate floors throughout perfectly showcase the open floorplan kitchen with its island, shaker style cabinets, granite counters, tile backslash, and stainless steel appliances. You'll appreciate the spacious living and dining rooms. The master bedroom has a large picture window and an ensuite bathroom with walk-in shower. The roomy two additional bedrooms have wood-look laminate floors. The guest bathroom has an updated vanity and a bathtub. Laundry is in a hallway closet. Off the kitchen is a huge Florida Room overlooking the backyard and a large screened lanai to the side. The 1 car garage is immaculate with painted floors and built-ins. The partially fenced backyard has plenty of room for a pool and encircled by mature landscaping including a Grand Oak and a beautiful Purple Orchid Tree. Centrally located under 1 mile from the local pharmacy, grocery, and numerous restaurants and 16 miles to the excitement and beauty of Englewood Beach. Move-in-Ready, Must See home...3-D VIRTUAL TOUR AVAILABLE.

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
Cranberry Elementary School Primary Regular 791 57 8
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Cranberry Elementary School

  • Education Level: Primary
  • # of students: 791
  • # of teachers: 57
8
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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$738
Property Tax -$246
Property Insurance -$123
Property Management Fees -$129
CASH FLOW
$115

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.

$199,900

PROJECTED PRICE

$1,350

PROJECTED RENT

0.68%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$738

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$28,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 4691 Pocatella Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.95
    •  
  • 4068 Fontainebleau St North Port, FL 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1980
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 4926 Escalante Dr North Port, FL 3
    • 4 beds 3 baths ∙ 1,614 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,614 Sqft ∙ Built 1980
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 4433 Mckibben Dr North Port, FL 4
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1980
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 4661 Zamita Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,671 Sqft ∙ Built 1999
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jon Swift
1.941.350.3176
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4486925
Last Updated: 12/25/2020
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