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8708 San Pablo Ave North Port, FL 34287

3 Beds 2 Baths 1,616 sqft Built 1978

$225,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $139.23
  • 4 Days on Market
  • MLS # : A4490878
  • Updated Date : 02/18/2021 at 20:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,616 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic Group

Listing Agent's Description

Make an appointment today to see this home! Nestled in a well developed neighborhood with everything you need close by. This home offers 3 bedrooms, 2 bathrooms, a living room and family room and a central kitchen. Step thru the front door and admire this home just waiting to be made yours. The home has ceramic tile and wood laminate floors through-out for easy cleaning. The kitchen has plenty of wood cabinets for storage. The washer and dryer are located inside right off the kitchen. The spacious family room just beyond the kitchen has sliding glass doors to the covered lanai and fenced back yard. The guest bath and master bath have been both newly renovated. The master suite boasts a walk in closet, a jetted tub and separate shower. The home has updated windows, hurricane shutters and a 2006 HVAC system that has been regularly maintained.

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
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$782
Property Tax -$277
Property Insurance -$135
Property Management Fees -$129
CASH FLOW
$228

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.

$225,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.69%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$37,527

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
  • $0.96

    LIST RENT PER SQFT
  • $1,559

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3803$1,4004$1,4505$1,550
$1,550
RENT COMPS ANALYSIS
  • 8708 San Pablo Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 8564 San Pablo Ave North Port, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1978
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 8153 Boca Grande Ave North Port, FL 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1972
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.96
    •  
  • 8293 Gallo Ave North Port, FL 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1975
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 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
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Maciek Zaremba
1.941.400.7084
Keller Williams Classic Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4490878
Last Updated: 02/18/2021
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