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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $164.78
- 3 Days on Market
- MLS # : C7435467
- Updated Date : 11/20/2020 at 13:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,851 sqft
- Baths : 2 full
Listing Agent
941 Realty, Llc
Listing Agent's Description
This lovely spacious home is in pristine condition with many updates which were completed in the last five years. The home is located on a quite street with large windows in the dining room and front room. There is abundance of natural light that comes from the three panels sliding door in the great room. The spacious kitchen with a very large snack bar is great for entertaining family and friends, it also has newer refrigerator (2018), tile floors (2017),spot lights, new hardware, no mess pull out trash can and convenient pull out shelves at the bottom of the pantry. The inside laundry room with wire shelves includes washer/ dryer and newer vinyl planking floor (2015). The lovely master bedroom has two walk in closets. One of the closets could be a small cave or cute sitting area. The large master bathroom features a wall to wall vanity with two sinks, completely tiled walk in shower with newer massage shower head. The guest bathroom conveniently located between the two guest bedrooms has a combo tub/shower with tiled walls and a large vanity with extra storage space. A cherry of the cake is a beautiful inviting pool with the six feet deepest point. The pool deck has been recently painted. Great location between North Port/ Port Charlotte, close to shopping, restaurants and 30 minutes to the beaches. All you need is to pack your belongings and move in to enjoy the Florida style living. A list of the updates see in attachments.
SEE MORE
- 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
* 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 | $1,730 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$375 | |
| Property Insurance | -$150 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$0
|
||
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.
$305,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.57%
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
$86,575
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
6
YEARS SAVED
$24,092
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,569
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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5262 Rhapsody Ave North Port, FL 5
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- Rent Per SQFT
- $1,730
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5261 Janus Ave North Port, FL 1
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2006
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,400
- $0.87
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2794 Zodiac St North Port, FL 2
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 2007
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,550
- $0.83
-
99 Baldur Dr Port Charlotte, FL 3
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1992
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,599
- $0.84
-
5387 Hader Rd North Port, FL 4
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2001
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,699
- $0.85
PROPERTY LISTING DETAILS
1.941.301.1574
941 Realty, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7435467
Last Updated: 11/20/2020
