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4943 Yellowstone Dr New Port Richey, FL 34655

3 Beds 2 Baths 1,640 sqft Built 1997

$225,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $137.20
  • 4 Days on Market
  • MLS # : U8108606
  • Updated Date : 01/08/2021 at 20:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,640 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This beautifully maintained 3 bedroom, 2 bath home with a 3 car garage is perfectly situated on a large 1/4+ acre lot in the Southern Oaks Community. Equipped with a newer roof (2019), AC (2019), hot water heater (2015) and numerous updates, the home sits on gorgeous, wood-look laminate and features a split bedroom floor plan with a large great room in the center. The adjoining kitchen displays stainless steel appliances, a closet pantry and ample space for a dining room table. All bedrooms are carpeted and the owner's suite showcases an attractive en suite bathroom with a walk-in closet, shower and dual sink vanity. This home is perfect for those seeking time outdoors with its enclosed rear lanai, pavered patio and huge, fenced back yard! Located within close proximity to biking trails, the Starkey Wilderness Park and nearby schools, this home is a true gem. Come see for yourself 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: Southern Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $71k367k

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

Neighborhood: Southern Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8252023

* 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
Longleaf Elementary School Primary Regular 645 51 9
River Ridge Middle School Middle Regular 1,118 78 7
River Ridge High School High Regular 1,536 89 7

Longleaf Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 51
9
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$782
Property Tax -$272
Property Insurance -$132
HOA -$25
Property Management Fees -$129
CASH FLOW
$161

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.

$225,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$900k

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$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$32,003

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,513

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,485
1$1,4852$1,5003$1,5494$1,5505$1,749
$1,749
RENT COMPS ANALYSIS
  • 4943 Yellowstone Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 5515 Redhawk Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1987
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $0.94
    •  
  • 9545 Alvernon Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.87
    •  
  • 9543 Conservation Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1997
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 9808 Patrician Dr New Port Richey, FL 5
    • 4 beds 3 baths ∙ 1,792 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,792 Sqft ∙ Built 2005
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jeffrey Borham, Pa
1.509.929.5180
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108606
Last Updated: 01/08/2021
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