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7237 Arbor View Ln New Port Richey, FL 34653

4 Beds 2 Baths 1,763 sqft Built 1986

$170,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 15, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Orchid Lake Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Calusa Elementary School Primary Regular 589 42 2
Chasco Middle School Middle Regular 692 47 5
Ridgewood High School High Regular 1,133 73 3

Calusa Elementary School

  • Education Level: Primary
  • # of students: 589
  • # of teachers: 42
2
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
 

$153,000$187,000$170,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$50,800

INVESTMENT

$50,800

Down Payment
$42,500
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,500
Loan Amount $127,500
See What Happens When You Reinvest Cash Flow

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
$1,425
1$1,4252$1,4753$1,4954$1,4955$1,580
$1,580
RENT COMPS ANALYSIS
  • 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
    • Rent Per SQFT
    •  
    • $1,580
    • $0.90
    •  
  • 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
Stephen Diller
1.727.992.8344
Paradise West Realty, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830875
Last Updated: 02/19/2021
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