440 Monza Ave

North Port, FL 34287
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3 bd, 2 ba | 3,729 sqft | Built in 1973

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List Price
$325,000

Initial Investment

$88,563

Purchase Price

$325,000

Down Payment

25%

Rent

$2,030

Total Return

$191,532

Annualized Return

25.4%

Cap Rate

5.0%

Gross Yield

7.5%

Cash Flow

-$2,246

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,431

HOA

None

Flood Risk

Not Required

Welcome to a great Investment Flip opportunity to own the home of your dreams in the desirable city of North Port, Florida. WATERFRONT! This home needs a lot of TLC! Please refer to the seller disclosures!
NEW ROOF: June 2023. Situated in a vibrant and thriving community minutes away from Warm Mineral Springs, this property promises a lifestyle filled with abundant sunshine, natural beauty, and coastal charm.HIGH CEILINGS! FULL PRIVACY! NOT FLOOD ZONE! NO HOA OR CDD! Nestled in the heart of North Port, this home benefits from its prime location, offering easy access to an array of amenities and attractions. Discover the nearby pristine Gulf beaches, where you can bask in the sun, partake in water activities, or simply relish the tranquility of the ocean. Embark on nautical adventures from the conveniently located marinas, allowing you to explore the region's captivating waterways and nearby islands. Fishing enthusiasts will delight in the world-class fishing opportunities, while golf aficionados can indulge in a variety of renowned golf courses. North Port is known for its thriving shopping and dining scene, featuring a diverse range of retail centers, boutiques, and restaurants. Immerse yourself in the vibrant downtown area, boasting charming shops, art galleries, and entertainment venues. The city hosts numerous cultural events, festivals, and community gatherings throughout the year, ensuring there's always something exciting happening. Lose yourself in the beauty of Charlotte Harbor Preserve State Park, where scenic trails, wildlife sightings, and peaceful waterways await exploration. Myakka River State Park is another nearby gem, enchanting visitors with its stunning landscapes and diverse flora and fauna. Nature enthusiasts will find endless opportunities to connect with the outdoors just moments away from this property. North Port also boasts excellent educational institutions, reliable medical facilities, and convenient transportation options. The city's welcoming community and strong sense of belonging make it an ideal place to establish roots and create lasting memories. Do not miss out on this exceptional opportunity to craft your dream home or invest in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property! Experience the best that Florida living has to offer, with nearby beaches, golf courses, and outdoor recreational activities.

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

Annual Financial Highlights

Expected Rent

$23,142

Expenses

-$4,119

Property Taxes

-$3,600

Loan Payments

-$17,669

Net Cash Flow

-$2,246

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:Matthew Greenland
Agent License 3489886
RE/MAX PALM REALTY OF VENICE
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #N6132250
Last Updated: 04/15/2024 10:04
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