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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $130.21
- 6 Days on Market
- MLS # : T3279362
- Updated Date : 12/12/2020 at 09:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,764 sqft
- Baths : 3 full
Listing Agent
Mcpeak Real Estate Firm
Listing Agent's Description
If you have been waiting for a beautiful mini-horse farm then your wait is over! This home has a large great room, kitchen, breakfast nook, den and office as well as 3 well appointed bedrooms which includes a large master that boasts a soaker tub in its on-suite. A large mud room directly off the two car garage with laundry and half bath round out this impressive property. This property has new paint inside and out, a new roof, new carpet and some new appliances. But don't stop you tour inside the house, the four stall horse barn is something to behold! Hurry, this one is priced to sell and won't last long.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: Golden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Golden Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,390 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$402 | |
| Property Insurance | -$197 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$334
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$359,900
PROJECTED PRICE
$2,390
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
11.17
YEARS SAVED
$69,762
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,390
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,653
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
10465 Osceola Dr New Port Richey, FL 1
- 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 1971
![property image]()
- Rent
- Rent Per SQFT
- $2,390
- $0.86
-
10901 Navajo Dr New Port Richey, FL 2
- 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 1981
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,700
- $0.96
PROPERTY LISTING DETAILS
1.813.495.3875
Mcpeak Real Estate Firm
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3279362
Last Updated: 12/12/2020
