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2109 Pepperell Dr New Port Richey, FL 34655

3 Beds 2 Baths 1,988 sqft Built 1979

$374,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $188.58
  • 6 Days on Market
  • MLS # : W7829448
  • Updated Date : 01/02/2021 at 14:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 2 full
Listing Agent

Re/max Champions

Listing Agent's Description

WELCOME HOME! ENJOY YOUR OWN PRIVATE OASIS WITH PEACE, QUIET AND SERENITY! LOCATED ON A 1.39 ACRE LOT WITH MATURE LIVE OAKS. DON'T MISS THIS AMAZING 3 BEDROOM, PLUS HOME OFFICE THAT LOOKS OUT ON A PARK-LIKE SETTING. KITCHEN AND DINING ROOM ARE SPACIOUS WITH WRAP AROUND WINDOWS OVERLOOKING A CYPRESS STRAND. RELAX IN THE FAMILY ROOM WITH WOOD BURNING FIREPLACE, MASTER SUITE HAS SEPARATE SHOWER WITH JACUZZI TUB. SOME OF THE HOME'S FINER FEATURES/UPGRADES INCLUDE: NEW LUXURY VINYL FLOORING, BRAND NEW STAINLESS STEEL APPLIANCES, UPDATED FIXTURES/FANS, INTERIOR/EXTERIOR PAINTING. THIS HOME IS PERFECT FOR ENTERTAINING YEAR ROUND WITH A HUGE SCREENED PORCH WITH PRIVACY OF THE BACK YARD WITH SMALL CREEK. PLENTY OF SPACE FOR YOUR BOAT, JET SKI OR RV! CONVENIENTLY LOCATED NEAR SHOPPING, RESTAURANTS, TOP RATED SCHOOLS, GOLF COURSES, MEDICAL FACILIITES AND MUCH MORE! MUST SEE TO APPRECIATE! SCHEDULE A SHOWING TODAY!

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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: Oak Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $71k494k

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

Neighborhood: Oak Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8252452

* 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
Seven Springs Elementary School Primary Regular 513 37 3
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Seven Springs Elementary School

  • Education Level: Primary
  • # of students: 513
  • # of teachers: 37
3
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,383
Property Tax -$419
Property Insurance -$152
HOA -$4
Property Management Fees -$129
CASH FLOW
-$67

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.

$374,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$27,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4953$1,6004$1,6005$2,020
$2,020
RENT COMPS ANALYSIS
  • 2109 Pepperell Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.02
    •  
  • 5527 Golden Nugget Dr Holiday, FL 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1982
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.82
    •  
  • 1124 Royalwood Dr Holiday, FL 2
    • 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1973
    LEASED 08/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 3031 Shadow Oaks Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 1984
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1725 Tumbleweed Dr Holiday, FL 4
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1979
    LEASED 10/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
PROPERTY LISTING DETAILS
Christian Bennett
1.727.807.7887
Re/max Champions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829448
Last Updated: 01/02/2021
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