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10800 Bethel St Port Richey, FL 34668

3 Beds 1 Baths 1,032 sqft Built 1969

$134,900

List Price

$910

$819 - $1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1969
  • Price/Sqft : $130.72
  • 3 Days on Market
  • MLS # : T3274649
  • Updated Date : 11/06/2020 at 15:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,032 sqft
  • Baths : 1 full
Listing Agent

Flat Fee Mls Realty

Listing Agent's Description

Check out this remodeled 3 br 1 ba home tucked away on a quiet dead end street. Enjoy new Luxury Vinyl flooring, updated bathroom with new shower and large manicured backyard with a storage shed. This home features spacious bedrooms, an open, split floor plan and an additional fully enclosed back room, perfect for a home office or additional space . The home also has a new roof roof , recently serviced AC and 2 car driveway.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Coventry

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $42k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Coventry

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5611590

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Schrader Elementary School Primary Regular 599 47 3
Bayonet Point Middle School Middle Regular 708 50 3
Fivay High School High Regular 1,320 81 4

Schrader Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 47
3
GreatSchools Rating

Bayonet Point Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 50
3
GreatSchools Rating

Fivay High School

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 81
4
GreatSchools Rating
 

$121,410$148,390$134,900

PURCHASE PRICE

$819$1,001$910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $910
EXPENSES Loan Payment -$498
Property Tax -$150
Property Insurance -$96
Property Management Fees -$80
CASH FLOW
$86

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.

$134,900

PROJECTED PRICE

$910

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$41,499

INVESTMENT

$41,499

Down Payment
$33,725
Rehab Estimate
$5,750
Closing Costs
$2,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$498

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $33,725
Loan Amount $101,175
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$20,131

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $910

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $960

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$910
1$9102$1,0003$1,0004$1,0505$1,100
$1,100
RENT COMPS ANALYSIS
  • 10800 Bethel St Port Richey, FL 1
    • 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,032 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $910
    • $0.88
    •  
  • 10614 Addison Dr Port Richey, FL 2
    • 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1962
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.95
    •  
  • 7704 Marechal Ave Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1970
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.88
    •  
  • 7124 Castanea Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 7521 Birchwood Dr Port Richey, FL 5
    • 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,120 Sqft ∙ Built 1972
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Stephen Hachey
1.833.737.6592
Flat Fee Mls Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274649
Last Updated: 11/06/2020
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