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Lot 51 Kacour Ave North Port, FL 34288

3 Beds 2 Baths 1,351 sqft Built 2021

$229,900

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $170.17
  • 3 Days on Market
  • MLS # : T3285896
  • Updated Date : 01/22/2021 at 10:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,351 sqft
  • Baths : 2 full
Listing Agent

Florida Realty Hub Llc

Listing Agent's Description

Pre-Construction. To be built. Ready in late Summer of 2021 and worth the wait! Looking for utopia? You may have just stumbled upon it! Mother Nature and Carpenter Homes have joined forces to create gorgeous homes in the Sunshine State, locally known as the "Land without Snow Shovels"! The Lido Floor Plan by Carpenter Homes lives large! This beautiful never lived in home is accented with 18" ceramic tile throughout the main living areas of the home and 10-foot ceilings in the Kitchen and Great Room. The Kitchen overlooks the impressive Great Room and Lanai. The large back yard provides the perfect spot for outdoor entertaining. The spacious Master Bedroom has a walk-in closet and en suite bathroom. Two more bedrooms for guests/hobbies, a dedicated Laundry Room, irrigation system, and a two-car garage make this home your winning combination! This home comes with granite countertops in the bathrooms as well as the kitchen which also features energy-efficient, stainless steel appliances, and soft-close cabinets. This home includes a 1 - 2 - 10 year warranty! Please ask about Builder/Lender incentives available to purchasers using the preferred lender/title company. Take advantage of pre-construction pricing; reserve your new home today!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$799
Property Tax -$283
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
-$29

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 7% of earned rent to cover both maintenance and periods of vacancy.

$229,900

PROJECTED PRICE

$1,300

PROJECTED RENT

0.57%

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) 3.00%
Vacancy 3.71%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$62,924

INVESTMENT

$62,924

Down Payment
$57,475
Rehab Estimate
$2,000
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$12,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $963

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$700
1$7002$8503$1,2754$1,3005$1,300
$1,300
RENT COMPS ANALYSIS
  • Lot 51 Kacour Ave North Port, FL 5
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 2683 Zodiac St North Port, FL 1
    • 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,163 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $700
    • $0.60
    •  
  • 3564 Richardson St North Port, FL 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 2006
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.58
    •  
  • 1641 Justica St North Port, FL 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2005
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.84
    •  
  • 4238 Kiska Rd North Port, FL 4
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2005
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
PROPERTY LISTING DETAILS
Michael Holloway
1.616.308.9669
Florida Realty Hub Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285896
Last Updated: 01/22/2021
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