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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $118.15
- 3 Days on Market
- MLS # : U8105460
- Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,608 sqft
- Baths : 2 full
Listing Agent
Select Properties Inc
Listing Agent's Description
Gorgeous 3 BEDROOM, 2 BATH, 1 CAR GARAGE HOME with approx. 1,608 SF located on a nice size lot! Completely Remodeled 3 Bedroom, 2 Bath, Large Yard home! Open Layout with Luxury wood plank flooring throughout! Completely Remodeled Kitchen with TONS of Wood Cabinets, Granite Counters, New Appliances, New fixtures! Large Breakfast Nook/Dining space just off the Kitchen! Remodeled Bathrooms,fresh new paint inside and out. Fenced area in backyard, suitable for pets. Situated on a large lot with close proximity to shops and a convenient location to get to all local services. Definitely worth a look!!
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: Embassy Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Embassy Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$211 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$118
|
||
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.
$189,990
PROJECTED PRICE
$1,240
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 13.3% |
| 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
$56,097
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,498 |
| Loan Amount | $142,493 |
9.33
YEARS SAVED
$28,205
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,375
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
7150 Bimini Dr Port Richey, FL 1
- 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $1,240
- $0.77
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9421 Barnstead Ln Port Richey, FL 2
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,249
- $0.83
-
8027 Buttonball Ln Port Richey, FL 3
- 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 1988
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,425
- $0.86
-
7023 Bramblewood Dr Port Richey, FL 4
- 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1980
LEASED 07/05/19- Rent
- Rent Per SQFT
- $1,547
- $0.82
-
8821 Bermuda Ln Port Richey, FL 5
- 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1989
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
PROPERTY LISTING DETAILS
1.727.488.9788
Select Properties Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105460
Last Updated: 11/21/2020
