1416 Dixie Ln

North Port, FL 34289
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2 bd, 2 ba | 2,257 sqft | Built in 2004

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List Price
$320,000

Initial Investment

$87,200

Purchase Price

$320,000

Down Payment

25%

Rent

$2,090

Total Return

$210,290

Annualized Return

27.0%

Cap Rate

4.8%

Gross Yield

7.8%

Cash Flow

-$3,052

Appreciation

11.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,806

HOA

None

Flood Risk

Not Required

Wonderful lake view home on a pie shaped lot at the end of the cul-de-sac. This home offers 2 bedrooms plus den (possibly 3rd
bedroom), 2 bathrooms, 2 car garage. Amazing lake view to enjoy while relaxing on the screen enclosed lanai. Open floor plan and
split bedroom plan. Breakfast Nook off of kitchen, breakfast bar, and pantry for extra storage, ceiling fans throughout, ceramic floors
in all wet areas. Master Bedroom has walk in closets, a private bathroom with dual sinks, soaking tub, and separate walk-in shower. Updates include new roof Aug 2023, water heater 2023 & HVAC 2021. This amazing home is Located in one of North Port’s most desired communities LAKESIDE PLANTATION. There are many benefits to living in this community, including access to all the amenities such as the large pool, playground, basketball, pickleball, tennis courts, park benches and community center with fitness room! Want to know the best part? You won’t have to pay any HOA FEES because this home is part of very few in the community that are exempt from those monthly fees! Property is being sold "AS IS" CDD is included in taxes. NO HOA FEES! Amenities included in CDD.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$23,826

Expenses

-$4,241

Property Taxes

-$5,240

Loan Payments

-$17,397

Net Cash Flow

-$3,052

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Claudia Varela
Agent License 3514356
COLDWELL BANKER PICKETT FENCES REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #TB8320755
Last Updated: 11/19/2024 08:11
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