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3124 Laird Dr New Port Richey, FL 34655

4 Beds 2 Baths 1,630 sqft Built 1978

$197,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $121.41
  • 5 Days on Market
  • MLS # : O5902852
  • Updated Date : 10/31/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,630 sqft
  • Baths : 1 full , 1 half
Listing Agent

Beycome Of Florida Llc

Listing Agent's Description

This is a beautiful newly renovated single-family home, located in the highly sought-after Trinity area, and zoned for some of the top schools in Pasco County. 4 bedrooms, 1 1/2 bath, den with vaulted ceilings and a fireplace, and custom shelving in the master bedroom. Newly constructed covered outdoor patio and fire pit. New roof replaced September 2020, newer AC unit, and a fresh coat of paint to the interior and exterior of the home. This home is MOVE IN READY and 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: Venice Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $47k238k

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

Neighborhood: Venice Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6041590

* 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
 

$178,110$217,690$197,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$730
Property Tax -$221
Property Insurance -$131
Property Management Fees -$80
CASH FLOW
$238

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.

$197,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.71%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,194

INVESTMENT

$58,194

Down Payment
$49,475
Rehab Estimate
$5,750
Closing Costs
$2,969

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $49,475
Loan Amount $148,425
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$43,779

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2953$1,3504$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 3124 Laird Dr New Port Richey, FL 4
    • 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 7620 Cleves Ave New Port Richey, FL 1
    • 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 2
    • 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 3
    • 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
    •  
  • 7310 Abington Ave New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1975
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
PROPERTY LISTING DETAILS
Herve Barbera
1.844.239.2663
Beycome Of Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902852
Last Updated: 10/31/2020
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