Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3540 Yellowbird Dr New Port Richey, FL 34652

2 Beds 2 Baths 1,388 sqft Built 1976

$209,900

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $151.22
  • 3 Days on Market
  • MLS # : T3279245
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,388 sqft
  • Baths : 2 full
Listing Agent

Mihara & Associates Inc.

Listing Agent's Description

Remodeled and Adorable!!! Perfect for the individual or family starting out or for those looking to downsize. Located in the desirable community of Colonial Hills and a short walk to Anclote Elementary School. Home has been remodeled throughout and includes a newer AC (5 years) and roof (Aug 2009). Home features FRESH PAINT inside and out. NEW Waterproof LUXURY VINYL flooring throughout and baseboards. NEW Kitchen and Bathroom CABINETS. NEWER WINDOWS, QUARTZ Countertops, NEW SS Appliances, SS Farm Sink, NEW Electrical Panel and All NEW light switches, receptacles, GFI's and lighting. Other features include a Florida Room, fully fenced in yard, TWO Outside Patio areas, oversized garage with built in shelving and a three car driveway. Home is located near major roadways, restaurants, shopping and Florida beaches. This home is a must see so make your appointment today before it is gone tomorrow.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Colonial Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Colonial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6521590

* 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
Anclote Elementary School Primary Regular 606 45 2
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

Anclote Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 45
2
GreatSchools Rating

Gulf Middle School

  • Education Level: Middle
  • # of students: 704
  • # of teachers: 51
4
GreatSchools Rating

Gulf High School

  • Education Level: High
  • # of students: 1,191
  • # of teachers: 89
5
GreatSchools Rating
 

$188,910$230,890$209,900

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$774
Property Tax -$234
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
$25

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.

$209,900

PROJECTED PRICE

$1,280

PROJECTED RENT

0.61%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,374

INVESTMENT

$61,374

Down Payment
$52,475
Rehab Estimate
$5,750
Closing Costs
$3,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$774

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,475
Loan Amount $157,425
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$20,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,270

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1953$1,2454$1,2505$1,280
$1,280
RENT COMPS ANALYSIS
  • 3540 Yellowbird Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.92
    •  
  • 3811 Woodcock Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.89
    •  
  • 3618 Panola Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.88
    •  
  • 5304 Bob White Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.95
    •  
  • 6051 Halifax Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael Dickey
1.813.789.3102
Mihara & Associates Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279245
Last Updated: 12/05/2020
BESbswy