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4745 Jacqueline Dr New Port Richey, FL 34652

3 Beds 2 Baths 1,388 sqft Built 1967

INVESTimate

$138,900

List Price

$1,090

$981 - $1,199

Rent Est.

$140,442  ( +1.11%)   1 YR EST. FORECAST

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1967
  • Price/Sqft : $100.07
  • 6 Days on Market
  • MLS # : T3260807
  • Updated Date : 08/22/2020 at 06:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,388 sqft
  • Baths : 2 full
Listing Agent

Rent It Network

Listing Agent's Description

Renovated 3 bedroom, 2 bath 1,388 Sq.Ft. home on a corner lot in New Port Richey! Brand new carpet throughout & fresh interior paint. Both Bathrooms have been renovated. This home features a split bedroom floor plan. The living room /dining room combo has an open kitchen with a separate BONUS room overlooking the back yard, that can be used as a family room, den, office, or playroom! Extra features include cedar closets, an indoor laundry room, enclosed front porch, an enclosed back patio with additional storage room, and a large fenced in backyard. Features include: NEW PAINT AND CARPET (2020), Newer Roof (2012), Kitchen Cabinets (2015), A/C condenser (2015), HVAC (2018), 40 gallon water heater (2019). Schedule a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Shamrock Heights

NeighborhoodNIR Market*CityMarket2010Year2000201940k60k80k100k120k140k160k180k200k220kPrice in $37k238k

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

Neighborhood: Shamrock Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5161590

* 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
Mittye P. Locke Elementary School Primary Regular 613 52 6
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

Mittye P. Locke Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 52
6
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
 

$125,010$152,790$138,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

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$50k$100k$150k$200k$250k$300k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$512
Property Tax -$155
Property Insurance -$117
Property Management Fees -$80
CASH FLOW
$225

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.

$138,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 1.11%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$42,559

INVESTMENT

$42,559

Down Payment
$34,725
Rehab Estimate
$5,750
Closing Costs
$2,084

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $34,725
Loan Amount $104,175
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$34,965

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,208

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,049
1$1,0492$1,0903$1,1004$1,2805$1,295
$1,295
RENT COMPS ANALYSIS
  • 4745 Jacqueline Dr New Port Richey, 2
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.79
    •  
  • 5418 Drift Tide Dr New Port Richey, 1
    • 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,236 Sqft ∙ Built 1971
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,049
    • $0.85
    •  
  • 4534 Irene Loop New Port Richey, 3
    • 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1968
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.81
    •  
  • 5247 Reef Dr New Port Richey, 4
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1974
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.00
    •  
  • 4045 Fairford Dr New Port Richey, 5
    • 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 1962
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.82
    •  
PROPERTY LISTING DETAILS
Vincent Stulic
1.813.864.9515
Rent It Network
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260807
Last Updated: 08/22/2020
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