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7315 Vienna Ln Port Richey, FL 34668

4 Beds 2 Baths 1,783 sqft Built 1978

$229,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $128.94
  • 3 Days on Market
  • MLS # : W7829615
  • Updated Date : 01/15/2021 at 19:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,783 sqft
  • Baths : 2 full
Listing Agent

Century 21 Palm Realty

Listing Agent's Description

UPDATED POOL HOME ON A CANAL! This 4 bedroom 2 bath 2 car garage has a lot of NEW...Beautiful open updated kitchen with beautiful breakfast bar. New stainless steel appliances, Glass and stone back splash, large stainless steel sink, New cabinets and Granite counter tops. Wood grain porcelain tile flowing through main living areas and new baseboards. Split bedroom plan, 2 masters one on each side of home. Double sinks in bathroom. Extra large closets. New light fixtures. Triple sliders lead outside to newly landscaped fenced yard and pool with birdcage screening. Patio set (in yard)and 60" flat screen tv also included. Neighborhood is conveniently located to shopping, medical and dining. This beauty won't last long so bring your best offer.

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: Embassy Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Embassy Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371590

* 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
Chasco Elementary School Primary Regular 696 61 2
Chasco Middle School Middle Regular 692 47 5
Ridgewood High School High Regular 1,133 73 3

Chasco Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 61
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
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$799
Property Tax -$256
Property Insurance -$140
Property Management Fees -$129
CASH FLOW
$307

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.

$229,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$45,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,4503$1,5494$1,6005$1,630
$1,630
RENT COMPS ANALYSIS
  • 7315 Vienna Ln Port Richey, FL 5
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.91
    •  
  • 9421 Barnstead Ln Port Richey, FL 1
    • 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
    •  
  • 9521 Gray Fox Ln Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1977
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 7639 Shapleigh Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1988
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.95
    •  
  • 8821 Bermuda Ln Port Richey, FL 4
    • 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
Deborah Roy, Pa
1.727.612.8757
Century 21 Palm Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829615
Last Updated: 01/15/2021
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