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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $153.02
- 3 Days on Market
- MLS # : W7829145
- Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,209 sqft
- Baths : 2 full
Listing Agent
Future Home Realty
Listing Agent's Description
WELCOME TO YOUR EXPERTLY REMODELED HOME at 7235 Palisade Dr, Port Richey in the Palm Terrace Estates subdivision in Pasco County, FL. This AMAZING home features 3 beds, 2 baths & 1-car attached garage. Your FABULOUS new home lies at the corner with NO HOA, NO CDD or NO FLOOD zone!! Key exterior features include double-pane, energy-efficient thermal windows, FRESH 2-tone paint, rain gutters, tropical landscaping, fenced along back perimeter, painted concrete driveway & walkways, brand new fancy mailbox, front covered patio & lovely screened lanai in the back. When you step inside through the lovely door with decorative oval glass insert, you will MARVEL at the OPEN CONCEPT FLOOR PLAN consisting of the kitchen, living, dining & family rooms. You'll LOVE the water-resistant vinyl floors, over 32 LED recessed lights throughout the home, custom 6" baseboards & COOL hues of light gray paint on the walls. The GOURMET kitchen features white cabinets with MODERN hardware & soft-close hinges, TIMELESS glass subway tile as backsplash, stainless steel appliances, farmhouse sink with gooseneck faucet, greenhouse-style kitchen planter window for growing herbs, HUGE center island & BEAUTIFUL granite counters. Natural SUNSHINE streams through the plentiful windows ILLUMINATING the BRIGHT & CHEERY interior. The custom window blinds on each window & the new windows keep energy costs way down. Off the kitchen is the French door leading to the screened lanai for TRUE INDOOR-OUTDOOR EXPERIENCE. The master bedroom can easily accommodate king size furniture & has private bath. The master bath consists of PORCELAIN tile floors, step-in shower with CLASSIC penny glass tile floor & CONTEMPORARY floating vanity. The hall bath has matching porcelain tile floors, subway-tiled shower/tub combo & matching vanity. In the attached garage, you'll find the laundry hookups, side door entrance & attic access. You will not find a COMPLETELY RENOVATED HOME like this in today's market at this price point. There is SO MUCH TO LOVE about this house! Close to amenities like restaurants, beaches, shopping plazas, medical facilities, airport, places of worship & tourist attractions, makes this location IDEAL! MAKE THIS YOUR FUTURE HOME!
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: Palm Terrace Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Terrace Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,090 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$206 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$34
|
||
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.
$185,000
PROJECTED PRICE
$1,090
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 11.3% |
| 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
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
5.42
YEARS SAVED
$12,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,090
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,082
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
7235 Palisade Dr Port Richey, FL 2
- 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,090
- $0.90
-
10614 Addison Dr Port Richey, FL 1
- 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,050 Sqft ∙ Built 1962
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,000
- $0.95
-
7526 Coventry Dr Port Richey, FL 3
- 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1971
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,150
- $0.87
-
10814 Kingsbridge Rd Port Richey, FL 4
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,195
- $0.86
-
7511 Birchwood Dr Port Richey, FL 5
- 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,409 Sqft ∙ Built 1972
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,265
- $0.90
PROPERTY LISTING DETAILS
1.727.888.3889
Future Home Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829145
Last Updated: 12/12/2020
