Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7404 Oakshire Dr Port Richey, FL 34668

3 Beds 2 Baths 1,338 sqft Built 1974

$169,900

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $126.98
  • 3 Days on Market
  • MLS # : W7828597
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 2 full
Listing Agent

Ashton Realty Group

Listing Agent's Description

Updated 2 bedroom (could be 3) 2 bathroom solar powered home in Port Richey, FL. All new real wood cabinets with granite tops. All new stainless steel appliances. All new vinyl plank flooring. Freshly painted inside and out. New blinds. Circular driveway. Fenced rear yard.Screened back porch with cabinets and sink. Vinyl soffit and fascia.Large family room could easily act as master bedroom with fully updated bathroom next to it. Double pane windows 2019. A/C 2000. Roof 2011. Solar 2014. This home is not a flip. Not lived in after update. More pictures coming soon if it lasts!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$152,910$186,890$169,900

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$627
Property Tax -$189
Property Insurance -$114
Property Management Fees -$80
CASH FLOW
$150

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.

$169,900

PROJECTED PRICE

$1,160

PROJECTED RENT

0.68%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,774

INVESTMENT

$50,774

Down Payment
$42,475
Rehab Estimate
$5,750
Closing Costs
$2,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,475
Loan Amount $127,425
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$30,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,194

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1603$1,2454$1,2495$1,285
$1,285
RENT COMPS ANALYSIS
  • 7404 Oakshire Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $0.87
    •  
  • 9011 Saint Clair Ln Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,206 Sqft ∙ Built 1978
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.91
    •  
  • 7034 Coral Reef Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,325 Sqft ∙ Built 1973
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.94
    •  
  • 9421 Barnstead Ln Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.83
    •  
  • 7820 Chalafonte Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.89
    •  
PROPERTY LISTING DETAILS
Debra Barker Sudnik
1.727.514.0847
Ashton Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828597
Last Updated: 11/21/2020
BESbswy