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7104 Fox Hollow Dr Port Richey, FL 34668

3 Beds 2 Baths 1,300 sqft Built 1973

$150,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $115.38
  • 4 Days on Market
  • MLS # : T3293626
  • Updated Date : 03/06/2021 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,300 sqft
  • Baths : 2 full
Listing Agent

Real Property Experts, Inc.

Listing Agent's Description

Come check out this steal of a deal with this amazing move in ready property newly renovated in 2017. New roof installed 2017(Flat roof installed 2021), A/C installed 2017, Tank less Water heater 2017 and gutter installed 2018. 3 bedroom, 2 bath, washer and dryer included, located within 5 minutes of all your shopping needs and pleasures (Gulf View Mall, Publix, Winn Dixie, Walmart, Aldi, Home depot etc.). Backyard is set for your enjoyment with plants along the back of the house, a beautiful fire pit and a compost if you are looking to test your green thumb and become the Gardner for your family. DO NOT MISS OUT, great price for this market.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Regency Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: Regency Park

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
Gulf Highlands Elementary School Primary Regular 578 43 3
Chasco Middle School Middle Regular 692 47 5
Ridgewood High School High Regular 1,133 73 3

Gulf Highlands Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 43
3
GreatSchools Rating

Chasco Middle School

  • Education Level: Middle
  • # of students: 692
  • # of teachers: 47
5
GreatSchools Rating

Ridgewood High School

  • Education Level: High
  • # of students: 1,133
  • # of teachers: 73
3
GreatSchools Rating
 

$135,000$165,000$150,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$521
Property Tax -$167
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
$231

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.

$150,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,500

INVESTMENT

$45,500

Down Payment
$37,500
Rehab Estimate
$5,750
Closing Costs
$2,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% 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 $37,500
Loan Amount $112,500
See What Happens When You Reinvest Cash Flow

13.33

YEARS SAVED

$31,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$9953$1,1604$1,2855$1,300
$1,300
RENT COMPS ANALYSIS
  • 7104 Fox Hollow Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.89
    •  
  • 7040 Potomac Dr Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.85
    •  
  • 7831 Sagebrush Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1977
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.85
    •  
  • 7820 Chalafonte Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.89
    •  
  • 7414 Potomac Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1976
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Javonte Harris
1.727.437.9178
Real Property Experts, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3293626
Last Updated: 03/06/2021
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