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6708 Atis St New Port Richey, FL 34653

3 Beds 2 Baths 1,252 sqft Built 1978

$164,900

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $131.71
  • 2 Days on Market
  • MLS # : T3277202
  • Updated Date : 11/21/2020 at 21:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,252 sqft
  • Baths : 2 full
Listing Agent

Century 21 Elite Locations, Inc

Listing Agent's Description

Nicely remodeled 3 bedroom, 2 bathroom home with spacious yard in great New Port Richey neighborhood. The remodeled kitchen features beautiful wood cabinets, LED lighting and granite countertops. Additional features include tile floor throughout, updated bathrooms, and oversized circular driveway. The Master suite in the refinished garage includes a large walk-in closet and en-suite bath with tub. Roof and HVAC were replaced in June 2016. Come see this beautiful move-in ready home!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Richey Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $54k238k

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

Neighborhood: Richey Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6281590

* 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
Cotee River Elementary School Primary Regular 613 57 3
Gulf Middle School Middle Regular 704 51 4
Gulf High School High Magnet 1,191 89 5

Cotee River Elementary School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 57
3
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
 

$148,410$181,390$164,900

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$608
Property Tax -$194
Property Insurance -$109
Property Management Fees -$80
CASH FLOW
$138

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.

$164,900

PROJECTED PRICE

$1,130

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 9.7%
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$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,449

INVESTMENT

$49,449

Down Payment
$41,225
Rehab Estimate
$5,750
Closing Costs
$2,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$608

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,225
Loan Amount $123,675
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$28,121

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,124

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1303$1,1504$1,1955$1,200
$1,200
RENT COMPS ANALYSIS
  • 6708 Atis St New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $0.90
    •  
  • 7432 Sequoia Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1977
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.84
    •  
  • 7415 Live Oak Ln New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1974
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 7810 Wallaba Ln New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.94
    •  
  • 7512 Betula Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1972
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Samer Samhoury
1.813.853.2780
Century 21 Elite Locations, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277202
Last Updated: 11/21/2020
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