You can also use my web site or other rental web sites to search for similar current rentals. That will give you an idea of properties similar to yours and what they are renting for. If I can help in any way, please contact me.
MLS - http://myfloridahomesmls.com/
Craigslist - http://www.craigslist.com
Vacation Rentals by Owner - http://www.vrbo.com
Ebay Classifieds â€“ http://www.ebayclassifieds.com/
Florida Rental Ads â€“ http://www.floridarentalads.com/
Real Rentals â€“ http://www.realrentals.com/
Rentals.com â€“ http://www.rentals.com
Rent Range â€“ http://www.rentrange.com
Sarasota Herald Tribune - http://www.heraldtribune.com/
Sun Herald â€“ http://www.sunnewspapers.net
Tammy Hayes, Realtor
Re/Max Palm Realty, Port Charlotte, FL
Vicki Biehl, Realtor
Century 21 Aztec & Associates
There's plenty of rental demand in North Port. My concern is the ability of the property to appreciate if your strategy is to buy and hold. Historically, North Port has lagged behind other areas of Sarasota County and was hardest hit by the real estate bust.
David Barr, Broker Associate
Allison James Estates & Homes
Keeping it real....expect a range of between $800 and $1,000.....however.
When considering purchasing property for the purpose of renting it out, it's important to carefully consider the location before making a decision. North Port is one of the country's largest city land areas, which leaves homes spread out, isolated and often miles from community amenities.
Additionally, in the right location, a home can realize nearly as much for a 4 month seasonal rental than a full annual rental's income. This type of arrangement allows the owner access to monitor the property closed and keep up its maintenance. It also provides a window of time for the owner to use the property for their personal use.
Jerome, your decision to buy should be driven by much more than what the potential rental income would be.