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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $150.67
- 3 Days on Market
- MLS # : U8112238
- Updated Date : 02/06/2021 at 21:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,261 sqft
- Baths : 2 full
Listing Agent
Re/max Action First Of Florida
Listing Agent's Description
MULTIPLE OFFERS. Highest and Best Due by 3pm Sunday 2/7/21. Nearly everything has been replaced in this fantastic 3 Bedroom, 2 full inside bathroom home! The roof and HVAC were replaced in Dec 2019. The attic just had new blown in insulation added. The water heater is new as well as the garage door. All new gorgeous wood plank tile runs thru the entire home. The kitchen and both bathrooms were gutted and completely redone with high quality easy close cabinets, solid surface counters and stainless steel appliances! The master bedroom has an ensuite bathroom and a nice sized walk in closet. Call your agent and schedule your tour today!!! Click on the photos for additional descriptions and details!
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: Holiday Gardens Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Holiday Gardens Estates
* 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 | -$660 |
| Property Tax | -$212 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$59
|
||
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.
$190,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 14.0% |
| 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
$56,100
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
7.67
YEARS SAVED
$18,412
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 -
$0.93
LIST RENT PER SQFT
-
$1,170
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
6052 12th Ave New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,170
- $0.93
-
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
-
6032 12th Ave New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,261 Sqft ∙ Built 1973
LEASED 04/27/20- Rent
- Rent Per SQFT
- $1,150
- $0.91
-
5037 Brookside Ln New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1977
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,250
- $0.94
-
6037 Cecelia Dr New Port Richey, FL 5
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1973
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.93
PROPERTY LISTING DETAILS
1.727.692.3073
Re/max Action First Of Florida
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112238
Last Updated: 02/06/2021
