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5316 Dove Dr New Port Richey, FL 34652

3 Beds 2 Baths 1,715 sqft Built 1971

$184,500

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $107.58
  • 5 Days on Market
  • MLS # : U8106360
  • Updated Date : 12/05/2020 at 14:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Suncoast Group Realtors Llc

Listing Agent's Description

There are so many definitions of the word HOME. Come and feel it! Fresh new festive landscaping greets you near the front porch. Your favorite new view will be looking in at all of the memories you are about to embark in. Congratulations! Spacious living room leads you into the dining area and newer kitchen (cabinets and countertops replaced about 6 months ago). Large pantry. Off the kitchen, you'll venture into your oversized garage with plenty of storage. Take advantage of the double driveway out. Bedrooms are all on the left. Owner's suite has a his closet and her walk in with en suite bathroom (shower). Bathroom with tub separates front bedroom and owner's suite. Bonus room/ potential office or play room located near the dining area with double sliders to the main living area. Off this room, bedroom to the left or exit into a backyard of potential. I can envision years of entertaining in your future. Home is conveniently located in Colonial Hills. NO flood insurance required. Recent updates- New electric panel and AC. Buyer to verify all information.

SEE MORE

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: Colonial Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Colonial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6521590

* 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
Anclote Elementary School Primary Regular 606 45 2
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

Anclote Elementary School

  • Education Level: Primary
  • # of students: 606
  • # of teachers: 45
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
 

$166,050$202,950$184,500

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 -$681
Property Tax -$206
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$248

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.

$184,500

PROJECTED PRICE

$1,400

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.6%
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$200k$400k$600k$800k$1.0M

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,643

INVESTMENT

$54,643

Down Payment
$46,125
Rehab Estimate
$5,750
Closing Costs
$2,768

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$681

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $46,125
Loan Amount $138,375
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$42,104

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
  • $0.82

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2503$1,3504$1,4005$1,549
$1,549
RENT COMPS ANALYSIS
  • 5316 Dove Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 5015 Mecaslin Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1969
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.75
    •  
  • 5717 Chapman Dr New Port Richey, FL 2
    • 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,610 Sqft ∙ Built 1978
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.78
    •  
  • 2846 Raven Dr Holiday, FL 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1972
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.85
    •  
  • 5731 Thrush Dr New Port Richey, FL 5
    • 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,696 Sqft ∙ Built 1972
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.91
    •  
PROPERTY LISTING DETAILS
Theresa Rodden
1.727.514.9590
Suncoast Group Realtors Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8106360
Last Updated: 12/05/2020
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