1940 SCARLETT AVE

NORTH PORT, FL 34289
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2 bd, 2 ba | 1,736 sqft | Built in 2006

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List Price
$339,900

Initial Investment

$92,623

Purchase Price

$339,900

Down Payment

25%

Rent

$2,120

Total Return

$187,045

Annualized Return

22.2%

Cap Rate

2.7%

Gross Yield

7.5%

Cash Flow

-$10,363

Appreciation

11.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Property Type

Townhouse

Lot Size

6,394

HOA

$400/mo

Flood Risk

Not Required

Welcome to 1940 Scarlett Avenue – a beautifully maintained, MAINTENANCE-FREE carriage home located in the Lakeside Plantation community! This FULLY FURNISHED, TURN-KEY residence features one of the largest floor plans available in the carriage home section, offering spacious comfort and stunning lake views that capture Florida’s breathtaking sunsets. As you enter, you’ll immediately appreciate the elegant upgrades and thoughtful layout. The open-concept design is enhanced by tile flooring throughout the main living areas and an enclosed lanai with new windows and electronic blinds, creating a light-filled extension of your living space – perfect for relaxing or entertaining. The spacious kitchen is a true centerpiece, boasting solid surface countertops, beautiful cabinetry, a large breakfast bar, and a convenient pantry for extra storage. The kitchen flows seamlessly into the dining and living areas, making everyday living and hosting guests a breeze. Retreat to the enormous primary suite, which includes dual walk-in closets, a luxurious en-suite bathroom with dual sinks, walk-in shower, and a tranquil, spa-like ambiance. The split bedroom layout offers privacy for guests with a generously sized second bedroom and full bath. A versatile DEN/OFFICE with double doors provides the perfect space for working from home, reading, or transforming into a 3rd bedroom if needed. Additional features include a large laundry room, epoxy-coated garage floor and a brick paver driveway and walkway. Key upgrades include a NEW ROOF 2023, AC 2024, HOT WATER HEATER 2022, WHOLE HOUSE WATER SOFTENER SYSTEM - 2 YEARS OLD, NEW DISHWASHER. The HOA covers all exterior maintenance including the roof, exterior painting, landscaping, lawn care, and exterior insurance. Plus, this home is located outside of a flood zone for added peace of mind. Residents of Lakeside Plantation enjoy access to resort-style amenities, including a large community pool and hot tub, tennis courts, basketball and pickleball courts, playground, fitness center, library, and a welcoming clubhouse with Wi-Fi. A second private pool is reserved exclusively for carriage home residents. With monthly social activities for all ages, there’s always something fun to enjoy. Ideally located just a few miles from I-75 and less than 30 miles from the award-winning beaches of the Gulf of Mexico, you’ll also be close to shopping, dining, golf courses, and entertainment. Don't miss this opportunity to own one of the most desirable homes in Lakeside Plantation!

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

Annual Financial Highlights

Expected Rent

$24,168

Expenses

-$9,102

Property Taxes

-$6,950

Loan Payments

-$18,479

Net Cash Flow

-$10,363

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:Shannon Hansbury
Agent License 3077032
RE/MAX ALLIANCE GROUP
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #C7507671
Last Updated: 04/13/2025 15:04
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