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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $191.61
- 2 Days on Market
- MLS # : W7829124
- Updated Date : 12/12/2020 at 16:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,252 sqft
- Baths : 2 full
Listing Agent
Sunista Realty
Listing Agent's Description
Captivating move-in-ready 3 bed / 2 bath POOL home in the coveted Natures Hideaway community of New Port Richey. VACANT & AVAILABLE TO VIEW! As you enter the open plan foyer you'll love the cathedral ceilings and freshly painted interior. The kitchen is light and bright with ceramic tile floors, lots of storage and stainless steel appliances. New vinyl flooring has been installed in all three bedrooms and the master suite has a walk in closet, vanity area and shower. Additional updates include new baseboards, interior doors, blinds, fans and lights. From the living area you'll see sliding glass doors leading out to a large and freshly updated swimming pool with crystal clear water, newly painted deck and newly installed screen. Behind the pool is a large backyard with vinyl fencing and mature landscaping. The ENTIRE house has just been repiped (permitted by licensed professionals)! HVAC is six years old and has been serviced. Architectural shingle roof is 10 years old and in excellent condition. A separate laundry area with plenty of storage is behind the kitchen. TOP SCHOOL DISTRICT with highly rated Trinity Oaks Elementary, Seven Springs Middle and James W Mitchell High schools all within a 5-10 minute drive or cycle. Ideally located with easy access to Little Rd, Seven Springs Blvd, SR54, Trinity Hospital, City of New Port Richey and lots of shops, bars and restaurants. Schedule your appointment now as this home will go quickly! Room sizes are approximate. Matterport virtual 3D tour: https://my.matterport.com/show/?m=xc74zYHwBRL&brand=0
SEE MORE
- #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: Natures Hideaway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Natures Hideaway
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$268 | |
| Property Insurance | -$109 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
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.
$239,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| 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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
7.33
YEARS SAVED
$24,904
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,117
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2215 Egret Walk Ct New Port Richey, FL 5
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,450
- $1.16
-
7315 Fullerton Ct New Port Richey, FL 1
- 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1976
LEASED 08/18/19- Rent
- Rent Per SQFT
- $1,000
- $0.89
-
7620 Cleves Ave New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1983
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,250
- $0.88
-
3519 Murrow St New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1979
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,295
- $0.87
-
3544 Gorman Dr New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1973
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.93
PROPERTY LISTING DETAILS
1.727.793.7547
Sunista Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829124
Last Updated: 12/12/2020
