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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $87.92
- 7 Days on Market
- MLS # : O5920841
- Updated Date : 02/02/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,160 sqft
- Baths : 2 full
Listing Agent
Blurock Residential, Llc
Listing Agent's Description
This house has a lot of potential, and just needs the right eye. This house is priced so that the buyer can make a lot of money. It is in a quiet, country area, but convenient to local grocers stores. Living room, bonus room, and 2 garages. The kitchen cabinets are in great condition. Concrete foundation. Fenced in back yard. A little bit of money will go a long way here.
SEE MORE
- 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: Moon Lake Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moon Lake Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$660 |
| Property Tax | -$246 | |
| Property Insurance | -$162 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$444
|
||
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.
$189,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
15.67
YEARS SAVED
$49,057
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,879
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
10817 Hedges St New Port Richey, FL 1
- 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,640
- $0.76
-
9323 Beaufort Ct New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
LEASED 12/31/20- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
9428 Beaufort Ct New Port Richey, FL 3
- 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,650
- $0.90
-
11246 Oyster Bay Cir New Port Richey, FL 4
- 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,775
- $0.86
-
11453 Belle Haven Dr New Port Richey, FL 5
- 5 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006
LEASED 12/28/20- Rent
- Rent Per SQFT
- $2,100
- $0.86
PROPERTY LISTING DETAILS
1.321.295.3998
Blurock Residential, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5920841
Last Updated: 02/02/2021
