Home Buying in North Port>Question Details

Jeromepalmyra, Home Buyer in North Port, FL

how much can I expect an investment property near Kenworth drive in north port to rent for. 3 Bed 2bath 1 car garage 1300 sf.

Asked by Jeromepalmyra, North Port, FL Fri Sep 27, 2013

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Tammy Hayes’ answer
Average rental for would be around $1,100 per month, but it would depend on if you are renting month to month, annual or seasonal then the rates would vary. We have a property management company at our office if you would like someome to view the home and provide you with detailed information. We are located in Port Charlotte.

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 – http://www.ebayclassifieds.com/
Florida Rental Ads – http://www.floridarentalads.com/
Real Rentals – http://www.realrentals.com/
Rentals.com – http://www.rentals.com
Rent Range – http://www.rentrange.com
Sarasota Herald Tribune - http://www.heraldtribune.com/
Sun Herald – http://www.sunnewspapers.net

Tammy Hayes, Realtor
Re/Max Palm Realty, Port Charlotte, FL
0 votes Thank Flag Link Sat Sep 28, 2013
Realistically you can expect $900 per month if you plan on renting annually, depending on the condition of the home and any amenities such as a pool the rent may adjust either up or down. But you are in luck as far as the demand in North Port it is quite high.

Vicki Biehl, Realtor
Century 21 Aztec & Associates
0 votes Thank Flag Link Sat Sep 28, 2013
Conservatively speaking around $900 per month for an annual lease. A good place to check rental prices is Craigslist.

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
0 votes Thank Flag Link Sat Sep 28, 2013
Hi Jerome,

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.

Best wishes,

0 votes Thank Flag Link Sat Sep 28, 2013
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