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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $96.43
- 7 Days on Market
- MLS # : W7830875
- Updated Date : 02/19/2021 at 11:37
CONSTRUCTION
- Beds : 4
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Paradise West Realty, Inc
Listing Agent's Description
Handyman Special! Sold AS IS. Spacious floor plan with Living Room and Dining Room combo with french doors to pool, eat in kitchen area off of Family room, vaulted living room ceiling, large master suite and inside utility room. Spacious pool area and fenced back yard on corner lot. Buyer to perform their due diligence, any and all inspections prior to placing the offer. Property being sold "AS IS". Power is on but not water and sellers will not turn water on. Please write all contracts with o day inspections. Deadline for all offers is on or before March 3rd and allow through March 10th for time of acceptance. All measurements are approximate and for buyers to verify.
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Orchid Lake Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orchid Lake Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$590 |
| Property Tax | -$277 | |
| Property Insurance | -$139 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$445
|
||
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.
$170,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.93%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.3% |
| 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
$50,800
LOAN DETAILS
$590
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $42,500 |
| Loan Amount | $127,500 |
16.33
YEARS SAVED
$45,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,534
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7237 Arbor View Ln New Port Richey, FL 5
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1986
- Rent
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- $1,580
- $0.90
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8027 Buttonball Ln Port Richey, FL 1
- 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
-
7829 Edinburgh Dr New Port Richey, FL 2
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1984
LEASED 08/16/20- Rent
- Rent Per SQFT
- $1,475
- $0.91
-
7916 Dundee Dr New Port Richey, FL 3
- 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1988
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
7331 Skyview Ave New Port Richey, FL 4
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1991
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,495
- $0.86
PROPERTY LISTING DETAILS
1.727.992.8344
Paradise West Realty, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7830875
Last Updated: 02/19/2021
