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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $136.29
- 3 Days on Market
- MLS # : U8112937
- Updated Date : 02/12/2021 at 20:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,430 sqft
- Baths : 2 full
Listing Agent
Suncoast Group Realtors Llc
Listing Agent's Description
One or more photo(s) has been virtually staged. Being Quarantined really makes you think about what you want in a home. Just in time for Valentine's Day, this little piece of paradise will check those boxes making you fall in Love. NEW! NEW! NEW! Do you want to move into a house where the roof, AC, water heater, electric, and windows (with new screens) have already been taken care of just for you? This is it. Don't miss this gem. 3 bedroom 2 bathroom home features fresh paint (interior & exterior), updated kitchen, remodeled bathrooms, enclosed Florida room, and an oversized garage. Florida room would be great for an at home office or entertaining; enjoying your morning coffee or just imagine- festive lights hanging over your own personal bar while you relax at the end of the day. This could be yours to grow in!!! No carpet so bring them furbabies too to enjoy the fenced in backyard. Getting the itch for some fresh air? You don't need to venture far out. Within minutes, you are downtown NPR (festivals, music, parks, trails, and so many eateries & drinkeries), in Trinity (plenty of plazas to partake in some retail therapy), or head to Tarpon to enjoy some delicious food & salty air. Less than 45 minutes from hub towns and airports. This is a prime, affordable, & convenient location. Bonus- No flood insurance required. Call today to schedule your private showing and fall in love with your future.
SEE MORE
- #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: 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 | $1,230 |
| EXPENSES | Loan Payment | -$677 |
| Property Tax | -$218 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$87
|
||
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.
$194,900
PROJECTED PRICE
$1,230
PROJECTED RENT
0.63%
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
$57,399
LOAN DETAILS
$677
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $48,725 |
| Loan Amount | $146,175 |
8.42
YEARS SAVED
$21,248
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,298
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6122 9th Ave New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,230
- $0.86
-
6032 12th Ave New Port Richey, FL 1
- 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
-
6037 Cecelia Dr New Port Richey, FL 3
- 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
-
6104 11th Ave New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1973
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,395
- $0.91
-
5855 Thrush Dr New Port Richey, FL 5
- 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1977 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1977
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
PROPERTY LISTING DETAILS
1.727.514.9590
Suncoast Group Realtors Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112937
Last Updated: 02/12/2021
