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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $144.27
- 2 Days on Market
- MLS # : U8110184
- Updated Date : 01/16/2021 at 22:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,310 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Enter into this light and bright open floorplan with 2 bedrooms and 2 baths. You will not need to do anything except move right in. Sellers are very meticulous in caring for and keeping everything clean and in working order. Easy care neutral tile abounds throughout the entire home. There is a beautiful kitchen with breakfast bar, stainless steel appliances, newer cabinets and countertops. A/C Condenser and Water Heater 2015. Inside Laundry room has a 2nd refrigerator that will remain for the new Owners along with washer and dryer. Extensive updates include a newer vanity, new paint inside and out, newer vertical blinds, light fixtures, double French doors leading out to the rear lanai where you can entertain, cookout and enjoy the fenced in private setting. Driveway has double parking pad. Newer garage door where even the garage floor and driveway have a floor coating to make these aesthetically pleasing. Home is located in a quiet part of Colonial Hills with NO flood insurance or HOA required. Perfect starter, full-time or seasonal Florida home. Room sizes are approximate.
SEE MORE
- 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)
- 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.
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 | $1,190 |
| EXPENSES | Loan Payment | -$656 |
| Property Tax | -$211 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$81
|
||
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.
$189,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.63%
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
$55,835
LOAN DETAILS
$656
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,250 |
| Loan Amount | $141,750 |
8.33
YEARS SAVED
$20,319
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,179
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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6109 Moog Rd New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,190
- $0.91
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4126 Pecos Dr New Port Richey, FL 1
- 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
-
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
1.727.643.6692
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8110184
Last Updated: 01/16/2021
