Welcome to Southwest Florida!
Southwest Florida contains two Large MSAs that are both booming with population growth and home price appreciation! The Cape Coral-Fort Myers MSA saw a population increase of 22% in less than a decade which ranked it #7 in the U.S. before the pandemic (source: US Census). Now, remote workers as well as retirees are all flocking in for the sun, golf and lifestyle as Cape Coral was ranked #1 Happiest City in America (source: Wallethub). As a result, both rents and home prices have been shooting up, with over 85% home price appreciation in the last 5 years!  Right next door is the North Port-Sarasota-Bradenton MSA, where home prices increased over 90% in the last 5 years. (Source: FHFA.gov) Both MSAs have unemployment rates well below the national average (Source BLS.gov) and are premium locations to own rental property directly in the path of growth.
Trenton Lane North Port, FL
Reservation Terms:
Request to Submit an Offer to Purchase. The Prospective Purchaser requests the right to submit an Offer to Purchase the above specified property from the Seller. The Seller may solicit similar reservations from other Prospective Purchasers and may take as many reservations as Seller deems appropriate.
Purchase Contract and Earnest Money Deposit. Upon receipt of this reservation, the Seller may send to Prospective Purchaser a Purchase and Sale Agreement as well as instructions on where to send an Earnest Money Deposit that will be governed by the terms of the Purchase and Sale Agreement signed between Seller and Prospective Purchaser.
Not a Sale. By execution of this Reservation, the Prospective Purchaser shall not obtain any interest in the property. This Reservation is not a contract for the sale of real property.
Obligation. The Prospective Purchaser has no obligation under this Reservation unless and until the Prospective Purchaser enters into a Purchase and Sale Agreement with the Seller. In such event, the terms and conditions of the Purchase and Sale Agreement shall supersede the terms and conditions of this Reservation and this Reservation shall terminate and be in no further force or effect with the exception of the “Non-Representation and Indemnity of Referring Brokerage” clause which shall remain in effect.
Termination. This Reservation may be terminated upon the happening of any of the following:
- The Prospective Purchaser does not enter into a written Purchase and Sale Agreement for the specified property
- The Purchase and Sale Agreement is rejected by the Seller for any reason.
Transfer or Assignment. The rights of the Prospective Purchaser hereunder may not be transferred or assigned without the express written consent of the Seller, which consent may be withheld for any reason. Any attempt to transfer or assign this Reservation prior to such written approval shall automatically terminate this Reservation and the Prospective Purchaser shall have no further rights hereunder.
Non-Representation and Indemnity of Referring Brokerage. Maverick Investor Group, LLC (“Maverick”) does not represent the Prospective Purchaser in any capacity and has made no statements, promises or representations regarding the real property. Nor does Maverick represent the Seller in any capacity. Maverick’s only role has been to refer the Prospective Purchaser to the Seller. Prospective Purchaser agrees to indemnify, defend and hold Maverick harmless from all claims, damages, costs, etc. (including attorney’s fees) relating to any real property transaction between Seller and Prospective Purchaser. Furthermore, Prospective Purchaser agrees that Maverick has introduced them to a buying opportunity for real property only and not to a securities offering.
OFFERED BY THE SELLER
- 2 Free Years of Property Management (If you use the sellers preferred property management company)
- 5.99% Mortgage (for qualified borrowers who use the seller’s preferred lenders)
- 2-10 Builder Warranty
Snapshot Financials
Estimated Property Taxes
Estimated Insurance
Home Owners Association Fee
Property Management Fee
Based on 5%
Based on 4%
Total Monthly Expenses
Monthly Net Operating Income ('NOI') = Monthly Gross Scheduled Rent - Monthly Operating Expenses - 5% Maintenance Estimate - 7% Vacancy Estimates. NOI does not take into account any financing that you may be using. The NOI is always an 'estimate' and can never be guaranteed because it includes the non-fixed variables of 'maintenance' and 'vacancy' which vary over time.
Capitalization Rate ('Cap Rate') = Annual Net Operating Income / Purchase Price. Cap Rate does not take into account any financing you may be using nor any closing costs you may be paying.
Gross Rent Multiplier ('GRM') = Purchase Price / Annual Gross Scheduled Rent. GRM is only a price to rent ratio and does not take into account any operating expenses, financing, closing cost payments or maintenance and vacancy assumptions. And remember, GRM is like a golf score, the lower the better.
Property Features
Reservation Terms:
Request to Submit an Offer to Purchase. The Prospective Purchaser requests the right to submit an Offer to Purchase the above specified property from the Seller. The Seller may solicit similar reservations from other Prospective Purchasers and may take as many reservations as Seller deems appropriate.
Purchase Contract and Earnest Money Deposit. Upon receipt of this reservation, the Seller may send to Prospective Purchaser a Purchase and Sale Agreement as well as instructions on where to send an Earnest Money Deposit that will be governed by the terms of the Purchase and Sale Agreement signed between Seller and Prospective Purchaser.
Not a Sale. By execution of this Reservation, the Prospective Purchaser shall not obtain any interest in the property. This Reservation is not a contract for the sale of real property.
Obligation. The Prospective Purchaser has no obligation under this Reservation unless and until the Prospective Purchaser enters into a Purchase and Sale Agreement with the Seller. In such event, the terms and conditions of the Purchase and Sale Agreement shall supersede the terms and conditions of this Reservation and this Reservation shall terminate and be in no further force or effect with the exception of the “Non-Representation and Indemnity of Referring Brokerage” clause which shall remain in effect.
Termination. This Reservation may be terminated upon the happening of any of the following:
- The Prospective Purchaser does not enter into a written Purchase and Sale Agreement for the specified property
- The Purchase and Sale Agreement is rejected by the Seller for any reason.
Transfer or Assignment. The rights of the Prospective Purchaser hereunder may not be transferred or assigned without the express written consent of the Seller, which consent may be withheld for any reason. Any attempt to transfer or assign this Reservation prior to such written approval shall automatically terminate this Reservation and the Prospective Purchaser shall have no further rights hereunder.
Non-Representation and Indemnity of Referring Brokerage. Maverick Investor Group, LLC (“Maverick”) does not represent the Prospective Purchaser in any capacity and has made no statements, promises or representations regarding the real property. Nor does Maverick represent the Seller in any capacity. Maverick’s only role has been to refer the Prospective Purchaser to the Seller. Prospective Purchaser agrees to indemnify, defend and hold Maverick harmless from all claims, damages, costs, etc. (including attorney’s fees) relating to any real property transaction between Seller and Prospective Purchaser. Furthermore, Prospective Purchaser agrees that Maverick has introduced them to a buying opportunity for real property only and not to a securities offering.
Seller's Additional Notes
*This new construction property comes with a 2-10 Builder Warranty
*The Seller is willing to pay 2% of your loan amount towards your closing costs if you use their preferred lender (which you can use to buy down the mortgage rate to increase your cash flow).
*The Seller is also willing to pay 2 years of your property management fee if you use their preferred property management company (after which point the monthly PM fee becomes 5% of the gross rent).
Southwest Florida Highlights
Southwest Florida Properties:
- New Construction Single Family Rental Properties and Duplexes
- Established Communities
- Granite Countertops, Stainless Steel Appliances and a 2-10 Builder Warranty
- $400,000 Average SFR Purchase Price
- 5% Average Cap Rate
Southwest Florida Market:
- 85%+ Home Price Appreciation over the last 5 years in each MSA (Source: FHFA.gov)
- 22% Population Growth in Cape Coral-Fort Myers MSA in less than a Decade (USCensus.gov)
- 500%+ Home Price Appreciation in North Port-Sarasota-Bradenton MSA since 1991 (Source: FHFA.gov)
- Cape Coral Rated #1 Happiest City in America (Source: WalletHub)
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