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7410 Oak Crest Dr Port Richey, FL 34668

3 Beds 2 Baths 1,164 sqft Built 1973

$155,000

List Price

$1,000

$900 - $1.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $133.16
  • 6 Days on Market
  • MLS # : T3274385
  • Updated Date : 11/06/2020 at 19:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,164 sqft
  • Baths : 2 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

Go Take a Look . You won't be disappointed. Great Starter Home 2 Bed -2 Bath with Easily 3rd Bedroom. Painted inside and Outside -New Windows-Spacious One Car Garage with New Garage Door -Open Floor Plan -Ceramic Title Throughout for easy Maintenance and Pet Friendly Home, New Granite Countertops and Newer Cabinets in the Kitchen. Bathrooms are completely remodeled with new Vanities and New Light Fixtures. Master Bedroom have a Walk in Closet ..Current Leased-Great Tenants. Sparkling Solid Home. Don't Miss Out.

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: Regency Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: Regency Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6281590

* 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
Fox Hollow Elementary School Primary Regular 565 44 3
Bayonet Point Middle School Middle Regular 708 50 3
Fivay High School High Regular 1,320 81 4

Fox Hollow Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 44
3
GreatSchools Rating

Bayonet Point Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 50
3
GreatSchools Rating

Fivay High School

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 81
4
GreatSchools Rating
 

$139,500$170,500$155,000

PURCHASE PRICE

$900$1,100$1,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,000
EXPENSES Loan Payment -$572
Property Tax -$173
Property Insurance -$104
Property Management Fees -$80
CASH FLOW
$72

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.

$155,000

PROJECTED PRICE

$1,000

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$46,825

INVESTMENT

$46,825

Down Payment
$38,750
Rehab Estimate
$5,750
Closing Costs
$2,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$572

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $38,750
Loan Amount $116,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$20,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,000

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $995

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,0003$1,0504$1,1005$1,100
$1,100
RENT COMPS ANALYSIS
  • 7410 Oak Crest Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.86
    •  
  • 7704 Marechal Ave Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,130 Sqft ∙ Built 1970
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.88
    •  
  • 7124 Castanea Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 7708 Jasmine Blvd Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 1976
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.81
    •  
  • 7339 Orange Blossom Ave Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,345 Sqft ∙ Built 1966
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.82
    •  
PROPERTY LISTING DETAILS
Irena Castro
1.727.271.0901
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274385
Last Updated: 11/06/2020
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