Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5406 Mac Arthur Ave New Port Richey, FL 34652

3 Beds 1 Baths 1,314 sqft Built 1967

$149,900

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1967
  • Price/Sqft : $114.08
  • 3 Days on Market
  • MLS # : U8112444
  • Updated Date : 02/06/2021 at 07:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,314 sqft
  • Baths : 1 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Very spacious three bedroom one bath house with two car garage. Freshly painted inside and out. Newer AC, roof, and water heater. Electric has been thoroughly checked out. Fenced backyard.

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: Uni Ville

NeighborhoodNIR Market*CityMarket2010Year2000201940k60k80k100k120k140k160k180k200k220kPrice in $39k238k

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

Neighborhood: Uni Ville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5491590

* 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
Mittye P. Locke Elementary School Primary Regular 613 52 6
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

Mittye P. Locke Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 52
6
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
 

$134,910$164,890$149,900

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$521
Property Tax -$168
Property Insurance -$113
Property Management Fees -$129
CASH FLOW
$150

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.

$149,900

PROJECTED PRICE

$1,080

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 1.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,474

INVESTMENT

$45,474

Down Payment
$37,475
Rehab Estimate
$5,750
Closing Costs
$2,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $37,475
Loan Amount $112,425
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$24,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,271

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,0803$1,2804$1,2955$1,385
$1,385
RENT COMPS ANALYSIS
  • 5406 Mac Arthur Ave New Port Richey, FL 2
    • 3 beds 1 baths ∙ 1,314 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,314 Sqft ∙ Built 1967
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $0.82
    •  
  • 4536 Belfast Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1965
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.93
    •  
  • 5247 Reef Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1974
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.00
    •  
  • 4404 Terry Loop New Port Richey, FL 4
    • 4 beds 1 baths ∙ 1,416 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,416 Sqft ∙ Built 1963
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.91
    •  
  • 5337 Reef Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1971
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $1.03
    •  
PROPERTY LISTING DETAILS
Wenquan Li
1.727.410.2514
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112444
Last Updated: 02/06/2021
BESbswy