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5746 Douglas North Port, FL 34288

3 Beds 2 Baths 2,054 sqft Built 2007

$310,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $150.93
  • 107 Days on Market
  • MLS # : A4479227
  • Updated Date : 12/05/2020 at 18:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,054 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Motivated Seller! Owner Needs Offers! Price Reduction! No HOA. NO CDD. Beautiful move-in ready 3/2/2 pool home on private dead end street. Home with over 2,200 sq. ft. of living space, accented by double door entry, vaulted ceilings, arched windows, French doors and more! This home boasts an open, airy floor plan with spacious living areas. The kitchen features vaulted ceiling, wood cabinetry, Corian counters, plant shelves and breakfast bar. The huge master suite boasts tray ceiling and a sitting area plus luxurious master bath with a center stage glamour bath tub, dual-entrance Roman shower and expansive counter space with twin sinks in wood cabinetry. Office is currently fourth bedroom and could be converted to an office as it doesn't have a closet. You'll love the private setting when enjoying the fully screened and oversized lanai and pool! Hurricane Shutters. Quiet area but still minutes from shopping, mall, restaurants and more.

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
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,077
Property Tax -$381
Property Insurance -$162
Property Management Fees -$129
CASH FLOW
-$119

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.

$310,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.53%

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-$4.0k-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,638

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,6004$1,6305$1,800
$1,800
RENT COMPS ANALYSIS
  • 5746 Douglas North Port, FL 4
    • 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,054 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.79
    •  
  • 1023 Trill Ct North Port, FL 1
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 2006
    LEASED 05/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 1248 Atwater Dr North Port, FL 2
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 2006
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 5476 Douglas Rd North Port, FL 3
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2006
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 1128 New London St North Port, FL 5
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2007
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.91
    •  
PROPERTY LISTING DETAILS
Leonard Hughes
1.941.258.4373
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4479227
Last Updated: 12/05/2020
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