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7611 Tyson Dr Port Richey, FL 34668

3 Beds 3 Baths 1,649 sqft Built 1972

$185,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $112.19
  • 3 Days on Market
  • MLS # : U8111993
  • Updated Date : 02/06/2021 at 13:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,649 sqft
  • Baths : 2 full , 1 half
Listing Agent

Gulf Coast Rentals & Prop Mgt

Listing Agent's Description

Just remodeled!!! Palm Terrace Gardens beauty! NEW Kitchen (Jan 2020)! New roof (Jan 2020)! Freshly painted and lots more! This large 3 bedroom, 2.5 bath, 1 car garage home has a great floor plan with lots of room! Tile floors throughout. 1649 Sq ft of living area! Large living room, dining area, family room or office. Gorgeous kitchen with new (Jan 2020) wood cabinets, stainless steel appliances, smooth surface range, french door refrigerator with icemaker, dishwasher and large enough to be an eat in kitchen. Master bed has walk in closet, private bath and sliding glass doors that open to the back yard. Guest bath has been completely remodeled - new tub, fixtures, vanity and tile! Oversized inside laundry room with w/d hookups! The one car garage has automatic garage door opener and a wall of cabinets and workspace! New (Jan 2020) energy efficient windows have been installed in most rooms! New electrical panel (2020)!Ceiling fans, CHA. fenced back yard! This won't last long. Please call for your personal preview.

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: Palm Terrace Gardens

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $47k238k

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

Neighborhood: Palm Terrace Gardens

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6251590

* 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
Gulf Highlands Elementary School Primary Regular 578 43 3
Bayonet Point Middle School Middle Regular 708 50 3
Fivay High School High Regular 1,320 81 4

Gulf Highlands Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 43
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
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$643
Property Tax -$206
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
$70

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.

$185,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$18,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1803$1,1954$1,2455$1,250
$1,250
RENT COMPS ANALYSIS
  • 7611 Tyson Dr Port Richey, FL 2
    • 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1972 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $0.72
    •  
  • 7605 Greybirch Ter Port Richey, FL 1
    • 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 1980 3 beds 3 baths ∙ 1,735 Sqft ∙ Built 1980
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.66
    •  
  • 7915 Foxbloom Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1978
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.82
    •  
  • 7901 Ironbark Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.85
    •  
  • 11020 Mckinley Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1974
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.76
    •  
PROPERTY LISTING DETAILS
Pamela Jackson
1.727.863.1031
Gulf Coast Rentals & Prop Mgt
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111993
Last Updated: 02/06/2021
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