6118 Myrtlewood Rd

North Port, FL 34287
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2 bd, 1 ba | 1,430 sqft | Built in 1984

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List Price
$259,900

Initial Investment

$70,823

Purchase Price

$259,900

Down Payment

25%

Rent

$1,840

Total Return

$154,276

Annualized Return

25.6%

Cap Rate

5.1%

Gross Yield

8.5%

Cash Flow

-$1,587

Appreciation

10.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,000

HOA

None

Flood Risk

Not Required

Prepare to be impressed by this tastefully updated, move-in ready home. As you enter, you're greeted by a spacious, light and bright living room which seamlessly flows to the dining space and the recently remodeled, contemporary kitchen. Both bedrooms are a comfortable size and offer new flooring and walk-in closets. A custom built barn-style door allows easy access from the owner’s bedroom into the updated bathroom. At the back of this home is an enclosed, 12'x18' lanai and separate patio -- perfect for entertaining. Here you'll have a large backyard with a dual-sided shed which has a workbench, electricity, and air-conditioning! Some impact windows were installed last year, as well as, the HVAC system. Additional features include a newer electrical panel and water heater, public water and sewer, underground electric, beautiful landscaping, and an extended parking pad. An extra bonus is that this property is not located within a mandatory flood zone. Quick closing is available. Put this one at the top of your list. You'll be glad that you did.

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

Annual Financial Highlights

Expected Rent

$20,976

Expenses

-$3,734

Property Taxes

-$4,700

Loan Payments

-$14,130

Net Cash Flow

-$1,587

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:Sondra Isgrig
Agent License 3058943
FLORIDIAN REALTY SERVICES, LLC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #D6132457
Last Updated: 09/18/2023 20:09
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