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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $145.07
- 3 Days on Market
- MLS # : T3291373
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,482 sqft
- Baths : 2 full
Listing Agent
Re/max Capital Realty
Listing Agent's Description
You will not be disappointed with this updated pool home. All the rooms are spacious with plenty of closet space. If you do not like carpet, this home has none. It has laminate in all rooms with tile in kitchen, bathrooms, and laundry. The home has a new roof, newer windows, newer AC, newer hot water heater-solar powered. The major components have been replaced! The layout of the home flows nicely from the spacious living room to the dining that is adjacent to the large kitchen. You will not be disappointed with the abundance of cabinets and space the kitchen offers. The large laundry, so large it is also used as an office and is located on the other side of the kitchen. Entering through your barn doors from the dining is a large Florida room. There are double sliding doors in the Florida room that take you out to an exceptionally large, covered lanai with plenty of room for relaxing and entertaining by the pool. You can also access the lanai from the master bedroom. The inground pool with a screened enclosure is the perfect finishing touch. You will be pleased with both bedrooms spacious size as well as the walk-in closet in each. This home has something to offer for the entire family including the two-car garage which is not common in this area. The home sits on a lot that is almost a 1/4 of a acre. Schedule your appointment today before you miss out on another great home. This home qualifies for a conventional 100% financing with a local bank! Give me a call and I will gladly explain.
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: Palm Terrace Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Terrace Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$239 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$63
|
||
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.
$215,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
7.58
YEARS SAVED
$20,373
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,286
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
11218 Yellowwood Ln Port Richey, FL 5
- 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 1975
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- Rent Per SQFT
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- $0.88
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11722 Oceanside Dr Port Richey, FL 1
- 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1979
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,150
- $0.88
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7915 Foxbloom Dr Port Richey, FL 2
- 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1978
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,195
- $0.82
-
7901 Ironbark Dr Port Richey, FL 3
- 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,245
- $0.85
-
10816 Piccadilly Rd Port Richey, FL 4
- 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,295
- $0.92
PROPERTY LISTING DETAILS
1.813.493.1902
Re/max Capital Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291373
Last Updated: 02/20/2021
