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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $116.59
- 5 Days on Market
- MLS # : U8112473
- Updated Date : 02/12/2021 at 18:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,368 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Investor Special! Roof 6 years old, Ceramic Title Through out the house, Open Floor Plan Living Room- Dining- Family Room Combo, Master Bedroom has a Full Size Tub Bath, Fenced Yard, Update to your Style and Taste, Good Bones! Just Blocks away from Gulf High School and Gulf Middle School, Call to Schedule your Appointment Today!
SEE MORE
- #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: Tanglewood Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tanglewood Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,140 |
| EXPENSES | Loan Payment | -$554 |
| Property Tax | -$254 | |
| Property Insurance | -$116 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$87
|
||
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.
$159,500
PROJECTED PRICE
$1,140
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 12.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$48,018
LOAN DETAILS
$554
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $39,875 |
| Loan Amount | $119,625 |
8.58
YEARS SAVED
$17,849
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,163
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5054 School Rd New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,140
- $0.83
-
6121 Louisiana Ave New Port Richey, FL 1
- 3 beds 1 baths ∙ 1,088 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,088 Sqft ∙ Built 1958
LEASED 05/19/20- Rent
- Rent Per SQFT
- $950
- $0.87
-
4126 Pecos Dr New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1977
LEASED 03/10/20- Rent
- Rent Per SQFT
- $999
- $0.83
-
6031 Maplewood Dr New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1973
LEASED 12/21/19- Rent
- Rent Per SQFT
- $1,100
- $0.84
-
6325 Missouri Ave New Port Richey, FL 5
- 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1967
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.86
PROPERTY LISTING DETAILS
1.727.365.0931
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112473
Last Updated: 02/12/2021
