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4851 Daphne St New Port Richey, FL 34652

3 Beds 1 Baths 1,296 sqft Built 1972

$169,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $130.40
  • 8 Days on Market
  • MLS # : U8108314
  • Updated Date : 12/28/2020 at 11:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 1 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

NICE 3 BEDROOM BLOCK HOME IN A CONVIENT FRIENDLY NEIGHBORHOOD, NEW ROOF, NEWER AC - HURRICANE SHUTTERS - COVETED TO A 3 BEDROOM HOME, GREAT FIRST TIME BUYER HOME, READY TO MOVE IN. NO FLOOD INSURANCE NEEDED - IN FLOOD ZONE X. CALL, TEXT OR EMAIL TO SCHEDULE A SHOWING. THANK YOU!

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Holiday Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $50k238k

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

Neighborhood: Holiday Gardens Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371590

* 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
James M. Marlowe Elementary School Primary Regular 418 36 2
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

James M. Marlowe Elementary School

  • Education Level: Primary
  • # of students: 418
  • # of teachers: 36
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
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$624
Property Tax -$189
Property Insurance -$108
Property Management Fees -$129
CASH FLOW
$130

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.

$169,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 14.0%
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$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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$28,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,289

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2003$1,2954$1,2995$1,350
$1,350
RENT COMPS ANALYSIS
  • 4851 Daphne St New Port Richey, FL 1
    • 3 beds 1 baths ∙ 1,242 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,242 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.95
    •  
  • 6013 11th Ave New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1973
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.01
    •  
  • 4603 Croton Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1970
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.06
    •  
  • 6024 Boxwood Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1972
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.04
    •  
  • 6111 1st Ave New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1974
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mike Mccormack
1.352.895.2315
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108314
Last Updated: 12/28/2020
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