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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $152.52
- 2 Days on Market
- MLS # : W7831044
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,272 sqft
- Baths : 2 full
Listing Agent
Magruder Real Estate Group
Listing Agent's Description
Many Updates, 3 bedroom, 2 bath, 1 car garage block home. New windows 2019, New roof 2017, New AC 2018. Granite Kitchen countertops, stainless steel appliances, ceramic tile flooring ( carpet in bedrooms), covered screen room.
SEE MORE
- 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: Colonial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$674 |
| Property Tax | -$216 | |
| Property Insurance | -$110 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$41
|
||
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.
$194,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$57,160
LOAN DETAILS
$674
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,500 |
| Loan Amount | $145,500 |
7.33
YEARS SAVED
$16,939
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,164
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
5331 Skyland Dr Holiday, FL 2
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,170
- $0.92
-
3811 Woodcock Dr New Port Richey, FL 1
- 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,296 Sqft ∙ Built 1976
LEASED 12/13/19- Rent
- Rent Per SQFT
- $1,150
- $0.89
-
3618 Panola Dr New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 1970
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,195
- $0.88
-
5304 Bob White Dr Holiday, FL 4
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1972
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,245
- $0.95
-
6051 Halifax Dr New Port Richey, FL 5
- 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1980
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.94
PROPERTY LISTING DETAILS
1.727.457.1677
Magruder Real Estate Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7831044
Last Updated: 02/21/2021
