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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Palm Terrace Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
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
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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
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- $0.72
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7605 Greybirch Ter Port Richey, FL 1
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LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,150
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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
1.727.863.1031
Gulf Coast Rentals & Prop Mgt
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8111993
Last Updated: 02/06/2021
