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

7510 Sequoia Dr New Port Richey, FL 34653

3 Beds 2 Baths 1,292 sqft Built 1975

$129,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $100.54
  • 2 Days on Market
  • MLS # : U8105218
  • Updated Date : 11/21/2020 at 10:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

fixxer upper, great price for this neighborhood, roof is newer (per owner) tenant on month to month. great investment opportunity for a 3/2 with almost 1300 square feet

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: Magnolia Valley

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Magnolia Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6671590

* 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
 

$116,910$142,890$129,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$479
Property Tax -$156
Property Insurance -$111
Property Management Fees -$80
CASH FLOW
$343

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.

$129,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.90%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.6%
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$12k$14k

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$40,174

INVESTMENT

$40,174

Down Payment
$32,475
Rehab Estimate
$5,750
Closing Costs
$1,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$479

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $32,475
Loan Amount $97,425
See What Happens When You Reinvest Cash Flow

16.5

YEARS SAVED

$41,468

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,1503$1,1704$1,1955$1,200
$1,200
RENT COMPS ANALYSIS
  • 7510 Sequoia Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,292 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $0.91
    •  
  • 7432 Sequoia Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1977
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.84
    •  
  • 7415 Live Oak Ln New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1974
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 7810 Wallaba Ln New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 1973
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.94
    •  
  • 7512 Betula Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1972
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kirk Budd
1.727.433.2947
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105218
Last Updated: 11/21/2020
BESbswy