3258 N Biscayne Dr

North Port, FL 34291
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3 bd, 2 ba | 2,273 sqft | Built in 1992

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List Price
$299,000

Initial Investment

$81,478

Purchase Price

$299,000

Down Payment

25%

Rent

$2,080

Total Return

$174,742

Annualized Return

25.6%

Cap Rate

5.4%

Gross Yield

8.3%

Cash Flow

-$964

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,000

HOA

None

Flood Risk

Not Required

Impeccably maintained home situated in a highly sought-after area in North Port, FL. This charming property features a thoughtfully designed layout and modern improvements, making it ideal for both comfortable living and entertaining. Recent updates include a newer AC system to keep you cool year-round and updated bathrooms with stylish finishes, adding a fresh, contemporary touch. Additionally, the home has been completely re-plumbed and features a newer septic tank, ensuring convenience and peace of mind for years to come. Hurricane shutters provide extra security, and the fully fenced yard offers a private space for outdoor activities, pets, or gatherings. The attached two-car garage provides ample storage and functionality. With city water, a highly sought-after feature in this area, you'll enjoy convenience and reliability. This home is perfectly located near Wellen Park and the Braves Spring Training Stadium, offering access to exciting community amenities, as well as nearby parks, schools, shopping, and dining. Whether you're seeking a primary residence or a vacation retreat, this home checks all the boxes. Don’t miss your opportunity—schedule your showing today and explore all the possibilities this incredible property provides!

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

Annual Financial Highlights

Expected Rent

$23,712

Expenses

-$4,221

Property Taxes

-$4,200

Loan Payments

-$16,255

Net Cash Flow

-$964

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:Ryan Hesse
Agent License 3387668
PARADISE EXCLUSIVE INC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #D6139357
Last Updated: 12/04/2024 19:12
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