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3115 Tori Ct New Port Richey, FL 34655

3 Beds 2 Baths 1,908 sqft Built 1996

$277,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $145.65
  • 5 Days on Market
  • MLS # : W7829386
  • Updated Date : 12/24/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,908 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Figrey&sonres

Listing Agent's Description

Stunning home in a beautiful setting. This Three bedroom, two bath, 2-car Garage Pool home features 10' ceilings and an open floor plan. This home sits on a corner lot with more than 1/4 acre. Popular school zones. Pool and lanai are perfect for entertaining. There are separate living and family rooms and the family room has a wood burning fireplace. There is a spacious open kitchen with upgraded appliances. This provides a lot of house for the money. Hurry as it won't last long.

SEE MORE

MARKET HIGHLIGHTS

  • 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: The Plantation

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $71k286k

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

Neighborhood: The Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8251692

* 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
 

$250,110$305,690$277,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,025
Property Tax -$310
Property Insurance -$147
Property Management Fees -$129
CASH FLOW
$18

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.

$277,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,394

INVESTMENT

$79,394

Down Payment
$69,475
Rehab Estimate
$5,750
Closing Costs
$4,169

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,475
Loan Amount $208,425
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$26,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6304$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 3115 Tori Ct New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.85
    •  
  • 5855 Thrush Dr New Port Richey, FL 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1977
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 3031 Shadow Oaks Dr Holiday, FL 2
    • 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
    •  
  • 2721 Manning Dr Trinity, FL 4
    • 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2004
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.86
    •  
  • 2818 Manning Dr Trinity, FL 5
    • 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,153 Sqft ∙ Built 2004
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
PROPERTY LISTING DETAILS
Tom Wibirt
1.727.267.1930
Coldwell Banker Figrey&sonres
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829386
Last Updated: 12/24/2020
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