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7254 Muncey Rd North Port, FL 34291

3 Beds 2 Baths 1,930 sqft Built 2007

$274,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $142.44
  • 2 Days on Market
  • MLS # : C7439872
  • Updated Date : 03/20/2021 at 09:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,930 sqft
  • Baths : 2 full
Listing Agent

Re/max Anchor Realty

Listing Agent's Description

**TAKE A WALK THROUGH YOUR NEW HOME WITH THE 3D INTERACTIVE TOUR** Your search is over! This wonderfully well maintained 3 bedroom plus DEN, 2 bathroom home with greenbelt view is situated in the heart of North Port and is just waiting on YOU! Open the front door to an open and spacious floor plan with high, vaulted ceilings, tile flooring and large front windows for the natural sunlight to shine through. This is an amazing layout for entertaining family and friends! Guests can relax in the large Great Room, have dinner in the formal dining area, or engage in all the conversations from the kitchen that overlooks everything. Need to work or school from home? There is a DEN/office with a beautiful glass door to give you privacy, yet still gives an open feel! The kitchen boasts an oversized breakfast bar, recessed lights, plant shelves, closet pantry and an abundance of cabinet and counter space - BONUS - All the appliances are included in the sale! The master suite is good sized and features a ceiling fan, dual walk-in-closets and en-suite master bath with dual sinks and a shower. Across the way in this desirable split bedroom floor plan you will find the guest bedrooms and bath. Each bedroom is equipped with a ceiling fan, window and private closet. The guest bathroom has a shower/tub combo, vanity and light fixture. Open the sliding glass doors to the spacious screened in lanai which is the most peaceful of settings overlooking the mature landscaping in the backyard. The great location of this home allows easy access to shopping, golfing, the beautiful Gulf Beaches including Boca Grande, Charlotte Harbor and the Gulf of Mexico where fishing is plentiful! Close to Charlotte Sports Park home of the Tampa Bay Rays baseball spring training. US-41 and Interstate 75, allow you quick access to both the North or South. Don't miss your opportunity, call to see this inviting home today!

SEE MORE

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
Glenallen Elementary School Primary Regular 697 55 5
Heron Creek Middle School Middle Regular 863 64 6
North Port High School High Regular 2,315 119 6

Glenallen Elementary School

  • Education Level: Primary
  • # of students: 697
  • # of teachers: 55
5
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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$955
Property Tax -$338
Property Insurance -$154
Property Management Fees -$129
CASH FLOW
$14

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.

$274,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.58%

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$14k

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$19,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4504$1,4955$1,590
$1,590
RENT COMPS ANALYSIS
  • 7254 Muncey Rd North Port, FL 5
    • 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.82
    •  
  • 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
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.81
    •  
  • 7608 Paragon Rd North Port, FL 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.83
    •  
  • 1736 Sontana St North Port, FL 3
    • 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,794 Sqft ∙ Built 2008
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 5905 Wagon Wheel Dr North Port, FL 4
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2006
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
PROPERTY LISTING DETAILS
Jason Ester
1.941.376.6626
Re/max Anchor Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7439872
Last Updated: 03/20/2021
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