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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $141.18
- 3 Days on Market
- MLS # : T3282812
- Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,593 sqft
- Baths : 1 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
!!FRESHLY REMODELED NORTH PORT HOME!! This beautiful house offers an open floor plan with 3 beds and 1 full bath, and a 1/2 bath in the master bedroom. Natural light streams through the Impact Windows and shines on the newly renovated Ceramic Tile Floors. The kitchen includes all wood cabinets outfitted with NEW stainless steel appliances. This home has all big-ticket items checked off and comes equipped with a Brand New: AC System, Roof, Water Heater, Updated Electrical, Paint, and Light Fixtures. You will also notice all New Landscaping, Pool was completely redone, along with the pool pump, filter, main drain, and screen outside the home. This home features a very functional open concept and split floor plan ideal for entertaining, not to mention the large bonus room, private laundry, and 1 car garage. Just minutes away from the best beaches, shopping, and schools. This home has it all plus more! Schedule your showing today before it's too late!
SEE MORE
- #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
* 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 | $1,550 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$277 | |
| Property Insurance | -$134 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$181
|
||
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.
$224,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.69%
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
$65,349
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,225 |
| Loan Amount | $168,675 |
10.25
YEARS SAVED
$38,335
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,573
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
5901 Espanola Ave North Port, FL 5
- 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,593 Sqft ∙ Built 1966
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
6432 Otis Rd North Port, FL 1
- 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1970
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,300
- $0.87
-
6335 Morning Ave North Port, FL 2
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1967
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,400
- $1.08
-
3481 Nekoosa St North Port, FL 3
- 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 1979
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
-
8180 Porto Chico Ave North Port, FL 4
- 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,492 Sqft ∙ Built 1971
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,450
- $0.97
PROPERTY LISTING DETAILS
1.813.924.7223
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282812
Last Updated: 01/02/2021
