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3335 Royal Palm Dr 
North Port, FL
34288
3 Beds 2 Baths 2,010 sqft
Built 2002
INVESTimate
$349,900
List Price
$98,474
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PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $174.08
- 3 Days on Market
- MLS # : D6113556
- Updated Date : 08/25/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,010 sqft
- Baths : 2 full
Listing Agent
Michael Saunders & Company
Listing Agent's Description
GORGEOUS VIEW! This lovely 3 bedroom, 2 bath home located in Bobcat Trail home of the Charlotte Harbor National Golf Course has been immaculately maintained and is situated so you can enjoy expansive views of fairways 3, 4, and 5 which also includes two ponds This is one of Bobcat’s most beautiful views! This home features hardwood and wood look porcelain tile throughout. Other updates to the home are new HVAC system in 2018, pool pump and electric heater in 2016, tile and new faucets in master bath 2017, and washer replaced in 2017. Exterior was painted in 2019 and new exterior lighting was added at that time. The living/dining area includes a tray ceiling, crown molding with the ever popular 90-degree disappearing slider which opens to the large lanai/pool area and beautiful sun rises. Two of the three bedrooms feature walk-in closets and the third bedroom closet includes a Murphy bed with lots of storage. The master bedroom has been recently painted and has sliders that open to the lanai/pool area. Membership to the golf course is optional. You do not need to belong to the club to enjoy the many other amenities that Bobcat has to offer, such as a large heated community pool, tennis courts, pickle ball, a fitness facility, and a community center where activities can be found every day. Bobcat is conveniently located to both I-75 and US-41, shopping, medical care, restaurants, and just minutes from the beach, and the Ray’s and Brave’s spring training stadiums. The CDD amount of $1839 is included in the taxes as shown in the MLS listing.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bobcat Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$523 | |
| Property Insurance | -$159 | |
| HOA | -$8 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$19
|
||
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.
$349,900
PROJECTED PRICE
$2,080
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 4.45% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
6.08
YEARS SAVED
$28,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,583
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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3335 Royal Palm Dr North Port, 5
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2984 Phoenix Palm Terrace North Port, 1
- 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2006
LEASED 02/12/20- Rent
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- $1,400
- $0.68
-
1583 Nora North Port, 2
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2005
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,450
- $0.82
-
5134 Lovett Rd North Port, 3
- 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,089 Sqft ∙ Built 2002
LEASED 03/18/19- Rent
- Rent Per SQFT
- $1,675
- $0.80
-
2560 Verde Ter North Port, 4
- 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,990 Sqft ∙ Built 2006
LEASED 07/02/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
PROPERTY LISTING DETAILS
1.941.676.0901
Michael Saunders & Company
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6113556
Last Updated: 08/25/2020
