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11325 Stoneybrook Path Port Richey, FL 34668

4 Beds 3 Baths 1,917 sqft Built 1987

$238,997

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $124.67
  • 3 Days on Market
  • MLS # : W7828651
  • Updated Date : 11/28/2020 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,917 sqft
  • Baths : 3 full
Listing Agent

Star One Realty Group

Listing Agent's Description

Beautiful 4 bedroom and 3 bathroom home located in the quiet Bear Creek neighborhood. As you walk into the home you will find a spacious living room area that offers laminate floors. The home has 4 bedrooms all located on the same side of the home. The home has a nice kitchen that opens up to a dining room and family room area. The home has a nice flow to it with lots of space. You will find a beautiful screened in pool area that is great for enjoying the Florida weather. Make sure to setup an appointment to see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • #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: Bear Creek

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371590

* 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
 

$215,097$262,897$238,997

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$882
Property Tax -$266
Property Insurance -$148
Property Management Fees -$80
CASH FLOW
-$26

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.

$238,997

PROJECTED PRICE

$1,350

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,084

INVESTMENT

$69,084

Down Payment
$59,749
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,749
Loan Amount $179,248
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,390

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2253$1,3254$1,3505$1,499
$1,499
RENT COMPS ANALYSIS
  • 11325 Stoneybrook Path Port Richey, FL 4
    • 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,917 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.70
    •  
  • 11205 Snyder Ave Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1977
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.71
    •  
  • 7611 Tyson Dr Port Richey, FL 2
    • 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1972
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.74
    •  
  • 11236 Yellowwood Ln Port Richey, FL 3
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1975
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.69
    •  
  • 11666 Seminole Dr New Port Richey, FL 5
    • 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,965 Sqft ∙ Built 1979
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.76
    •  
PROPERTY LISTING DETAILS
Michele Rehm
1.727.364.2893
Star One Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828651
Last Updated: 11/28/2020
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