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$259,000

For Sale - Active
3339 Avanti Cir, North Port, FL 34287
3 Beds
2 Baths
1,217 Square Feet
0.29 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jun 21, 2025 at 03:32AM

Investment Summary


Monthly Cash Flow
-$320
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.3%

Property Description


0.29 Acres Lot
Built in 1978
For Sale - Active
1 Units

Seafoam and sand come to mind when viewing this stunningly cute and lovingly maintained three bedroom, two bath ranch-style home on an oversized corner lot with underground utilities. The kitchen boasts solid wood cabinets with soft close doors & drawers, light valence & crown molding, upper & under cabinet lighting, along with butcher block countertops, and an island on wheels that doubles as a coffee bar for more floorspace. Throughout the house: beautiful Italian marble window and shower sills along with matching marble bathroom tiles; matching and easy to clean porcelain tile floors; updated electrical service; modern lighting and plumbing fixtures; new metal roof with solar powered vents, and modern appliances. The conveniently located laundry closet has matching large capacity Maytag washer and driers. The workshop is ready to accommodate all your tools along with your next craft or garden project, and the adjacent air conditioned studio is great for an office, workout room, or whatever your needs are. Relax in the spacious Florida room while sipping your morning coffee or evening tea, and enjoy the views of the garden. Vinyl windows allow for year round and all weather enjoyment. Enjoy the fruit of the mature peanut butter fruit tree, mulberry tree, passionfruit and dragon fruit vines; five large palm trees, and decades old topiaries round out a nice established landscaping. With plenty of boat or RV parking this home is a perfect base for beach, boating, fishing, kayaking, surfing, and hiking adventures as it boasts ten public beaches, seven public boat launches, and seven public kayak/canoe launches within a thirty minute drive. This property is just minutes away from the only two year round flowing springs in South Florida (Warm Mineral Springs and Little Salt Spring) and near 8 public parks with sidewalks all the way. Take your puppy to the City Dog Park, walk the boardwalk along the pristine Myakkahatchee Creek Greenway Nature Trail, or take a stroll around the Five Senses Park, and let the little ones or grandchildren play on the state of the art playground. If you feel like just hanging out around the clubhouse, enjoy the huge pool, basketball and tennis courts, or the newly remodeled clubhouse with a cute library, games, and spacious kitchen. Having a pool (that you don't need to maintain) big enough to do laps in is priceless, but all of these clubhouse amenities for just a three hundred dollar a year association fee is a pretty great deal!

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Location


Property Details


Parking

  • Description: Workshop in Garage
  • Details: Boat, Driveway, Garage Door Opener, Guest, RV Carport, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Metal
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Brenda Stevanato
  • HOA Fee: $300/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0995262001
  • Lot Size: 12552 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1978

Tax Information

  • Annual Tax: $2,516

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air, Attic Fan

Location

  • County: Sarasota

Listing Details


Listed by:
Stephen Hachey
FLAT FEE MLS REALTY
(813) 642-6030

Source:
Stellar MLS
MLS#: TB8367986
Stellar MLS

Investment Summary


Monthly Cash Flow
-$320
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.3%

Purchase Details

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Purchase price:
$259,000
Amount financed:
-$207,200
Down payment:
$51,800
Closing costs:
$7,770
Rehab costs:
$0
Initial cash invested:
$59,570
Square feet:
1,217
Cost per square foot:
$213
Monthly rent per square foot:
$1.48

Financing Details

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Loan amount:
$207,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,327
Property tax:
$210
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,663

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$210-$2,516
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (1%)
1%-$25-$300
Total operating expenses: (38%)
38%-$685-$8,216

Cash Flow


Monthly Yearly
Net operating income:
$1,007 $12,084
Mortgage payments:
-$1,327 -$15,924
Cash flow:
$320 $3,840