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7527 Bramblewood Dr Port Richey, FL 34668

3 Beds 2 Baths 1,507 sqft Built 1987

$212,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $140.68
  • 2 Days on Market
  • MLS # : W7829313
  • Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,507 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Clearwater

Listing Agent's Description

Excited to present one of Port Richey's best! This 3/2 home is sure to be considered a MOVE IN READY, BACK YARD OASIS! Come see all this amazing property has to offer as it will not be on the market long! With an awesome split floor plan you will have plenty of opportunity to make and call this "home." Master bedroom on east end of house with master bathroom combo. Two additional rooms located on opposite end of the house with shared hallway bathroom. The updated, open kitchen flows perfectly into dining and living rooms; creating the perfect layout for catering all your families upcoming holidays and events! A sliding door towards the back of the home will greet you to a screened in patio and a well manicured back yard, accompanied with large oak tree for shade in the summer and prefect water-view pond! Schedule your appointment today!

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: Orchid Lake Village East

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Orchid Lake Village East

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
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
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$782
Property Tax -$236
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$209

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.

$212,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$40,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,368

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,4254$1,4755$1,480
$1,480
RENT COMPS ANALYSIS
  • 7527 Bramblewood Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.98
    •  
  • 7414 Bimini Dr Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 8800 Elm Leaf Ct Port Richey, FL 2
    • 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 1978
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
  • 8027 Buttonball Ln Port Richey, FL 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Eddie Rivera
1.727.666.2872
Align Right Realty Clearwater
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829313
Last Updated: 12/20/2020
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