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5133 San Luis Ter North Port, FL 34286

3 Beds 2 Baths 1,856 sqft Built 1992

$240,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $129.31
  • 5 Days on Market
  • MLS # : C7436894
  • Updated Date : 12/31/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Kw Peace River Partners

Listing Agent's Description

INCREDIBLE 3 Bedroom, 2 Bathroom, + FAMILY ROOM & 2 Car Garage Home located in North Port on public water & septic. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. This lovely home features an OPEN & BRIGHT floor plan, vaulted ceilings, and beautiful tile flooring throughout. The SPACIOUS living room offers plenty of space for relaxing or entertaining friends & family! Cook up something delicious in the kitchen with plenty of storage, tiled countertops, all appliances, and a breakfast bar. The FAMILY ROOM is a fantastic size and provides a great amount of additional living space. The large Master Suite has a walk-in closet and the attached Master Bathroom has dual sinks with an all-tiled WALK-IN shower. The additional Bedrooms are on a SPLIT FLOOR PLAN providing great privacy and are close to the nearby guest bathroom. Step out onto the expansive back SCREENED-IN PATIO to enjoy the beautiful Florida weather! INDOOR LAUNDRY ROOM W/ STORAGE & A SINK - GREAT CURB APPEAL - MATURE & LUSH LANDSCAPING - NEW ROOF IN 2016 - OUTDOOR STORAGE SHED - & SO MUCH MORE! MINUTES to local shopping, dining, and other amenities. Just a short drive to I-75, The newly opened North Port Aquatic Center, and The Charlotte Sports Park welcoming the Tampa Bay Rays Spring Training. Schedule your showing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • #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.
  • 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)

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
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$886
Property Tax -$295
Property Insurance -$150
Property Management Fees -$129
CASH FLOW
$111

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.

$240,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.65%

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$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$31,427

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5703$1,6504$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 5133 San Luis Ter North Port, FL 2
    • 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.85
    •  
  • 5354 Globe Ter North Port, FL 1
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2006
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 2831 Ashland Ln North Port, FL 3
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 2007
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.82
    •  
  • 4541 Blueridge St North Port, FL 4
    • 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1995
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 4716 Maccaughey Dr North Port, FL 5
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 2008
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Matthew Patterson
1.941.875.4177
Kw Peace River Partners
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7436894
Last Updated: 12/31/2020
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