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4410 Grandwood Ln New Port Richey, FL 34653

3 Beds 2 Baths 1,595 sqft Built 1986

$239,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $150.41
  • 2 Days on Market
  • MLS # : U8103412
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,595 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome to this beautifully remodeled home in Woodtrail Village! This home has everything you've been looking for. Featuring 3 bedrooms, 2 bathrooms, a 2 car garage and 75 Ft of waterfront! When you walk in you will be greeted by vaulted ceilings, giving the light and bright living space an open feel. Ceramic tile flows throughout the foyer, dining room, kitchen and bathrooms, and beautiful new laminate flooring throughout the living room and master bedroom. The living room features a beautiful shiplap design with a built in storage bench. Surround sound speakers were installed in the living room so all you have to do is hook up your system. The kitchen features stainless steel appliances, granite countertops, solid wood cabinets giving you plenty of space for storage and workspace. The spacious master suite sits off of the living area and has vaulted ceilings, a walk in closet and a very large en suite bathroom. The master bath has dual sinks and an updated master shower. The other two bedrooms sit across the home off of the dining room, along with the guest bath. There is a door with access to your huge lanai which includes a hot tub and ample space for entertaining guests. You have 3 sets of sliding doors to access the patio off of the dining room, living room and also from the master suite. The patio is screened in and also has surround sound speakers hooked up so you can entertain guests out back. An indoor laundry room to do laundry conveniently without having to go to the garage. The huge back yard has plenty of space for your pet to roam and lastly you have that wonderful pond view! This home is centrally located with quick access to Trinity and the surrounding entertainment. This one will not last, schedule your showing today!

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: Wood Trail Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $71k238k

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

Neighborhood: Wood Trail Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7861590

* 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
Deer Park Elementary School Primary Regular 577 48 7
River Ridge Middle School Middle Regular 1,118 78 7
River Ridge High School High Regular 1,536 89 7

Deer Park Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 48
7
GreatSchools Rating

River Ridge Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 78
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,536
  • # of teachers: 89
7
GreatSchools Rating
 

$215,910$263,890$239,900

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 -$885
Property Tax -$268
Property Insurance -$129
HOA -$3
Property Management Fees -$80
CASH FLOW
$35

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

$1,400

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$24,553

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
  • $0.88

    LIST RENT PER SQFT
  • $1,439

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4753$1,5154$1,5755$1,675
$1,675
RENT COMPS ANALYSIS
  • 4410 Grandwood Ln New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 4208 Raccoon Loop New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.86
    •  
  • 8635 Cypress Lakes Blvd New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1990
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.92
    •  
  • 8432 Aukari Ct New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.89
    •  
  • 4400 Swallowtail Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1981
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.94
    •  
PROPERTY LISTING DETAILS
Brittany Wilson
1.727.481.5513
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103412
Last Updated: 11/03/2020
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