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6211 Charland Ave North Port, FL 34291

3 Beds 2 Baths 1,985 sqft Built 2007

$290,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $146.10
  • 5 Days on Market
  • MLS # : A4494161
  • Updated Date : 03/19/2021 at 13:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,985 sqft
  • Baths : 2 full
Listing Agent

Florida Vip Realty Inc

Listing Agent's Description

Multiple offers received, please submit highest and best offer by 8:00 EST on Friday, March 19th This lovely three bedroom two bath pool home is located in the very sought after North Port Estates area. A country-like setting adds to the charm of this private oasis. A beautiful kitchen overlooks a large breakfast bar and family room. This space is great for entertaining friends or relaxing with family. Head out to the secluded lanai, where you can enjoy the tranquil nature of the mature landscaping and shade trees while taking a dip in the pool. Retreat to your spacious owner's suite and bath, which has a large shower and garden tub. This home includes hurricane shutters and an alarm system. No HOA or deed restrictions. Make this home your own! You're close by all of Florida's unique attractions: Atlanta Braves Spring Training stadium, gorgeous gulf beaches, warm mineral springs, Myakka State Park and more. Less than 30 Minutes to Sarasota. Don't miss out on this great opportunity to own your own slice of paradise.

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MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Lamarque Elementary School Primary Regular 805 65 7
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Lamarque Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 65
7
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,007
Property Tax -$357
Property Insurance -$158
Property Management Fees -$129
CASH FLOW
-$51

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.

$290,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.55%

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-$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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$14,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,5954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 6211 Charland Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 4774 Brank St North Port, FL 1
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 2006
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 5905 Wagon Wheel Dr North Port, FL 2
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 6363 Lachine Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 2004
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 7304 Helliwell St North Port, FL 4
    • 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,657 Sqft ∙ Built 2005
    property image
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Helene Frudakis
1.941.302.3939
Florida Vip Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4494161
Last Updated: 03/19/2021
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