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

7634 Hawthorn Dr Port Richey, FL 34668

3 Beds 2 Baths 1,536 sqft Built 1980

$199,900

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $130.14
  • 2 Days on Market
  • MLS # : W7830179
  • Updated Date : 03/13/2021 at 21:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Southern Coast To Country Rlty

Listing Agent's Description

REMODELED 3 BED 2 BATH 2 CAR GARAGE HOME. FEATURES LARGE UPDATED KITCHEN WITH NEW CABINETS, STONE BACKSPLASH, GRANITE COUNTERTOPS & APPLIANCES. NEW VINYL PLANK FLOORING IN ALL LIVING AREAS & NEW CARPET IN ALL BEDROOMS. NEWER WINDOWS, NEWER A/C (2016) & ROOF WAS DONE (2009). FRESHLY PAINTED INTERIOR, NEW CAN LIGHTING, SWITCHES, OUTLETS, CEILING FANS & BASE MOLDING. UPDATED BATHROOMS INCLUDE NEW VANITIES, WATER CLOSET, FIXTURES & WALL TILE. LIVING ROOM DINING ROOM COMBO, MASTER BEDROOM WITH WALK-IN CLOSET & 2 MORE ADEQUATE SIZED BEDROOMS WITH BARN DOOR ON 3RD BEDROOM. ENCLOSED LANAI WITH VINYL WINDOWS, VINYL SHEC FOR STORAGE/WORK SHOP, HURRICANE SHUTTERS, GARAGE DOOR OPENER & NEWER HURRICANE GARAGE DOOR. NO HOA OR CDD FEES! CENTRALLY LOCATED NEAR FISHING, HUNTING, SHOPPING, RESTAURANTS, ENTERTAINMENT, SCHOOLS & HOSPITALS. JUST MINUTES TO THE SUNCOAST PARKWAY FOR A QUICK COMMUTE TO TAMPA.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$694
Property Tax -$222
Property Insurance -$126
Property Management Fees -$129
CASH FLOW
$79

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.

$199,900

PROJECTED PRICE

$1,250

PROJECTED RENT

0.63%

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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$20,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,250

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,248

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2253$1,2454$1,2505$1,295
$1,295
RENT COMPS ANALYSIS
  • 7634 Hawthorn Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.81
    •  
  • 7915 Foxbloom Dr Port Richey, FL 1
    • 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
    •  
  • 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
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.74
    •  
  • 7901 Ironbark Dr Port Richey, FL 3
    • 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
    •  
  • 7804 Ilex Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1973
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
PROPERTY LISTING DETAILS
Michael Eaton, Jr
1.727.919.1105
Southern Coast To Country Rlty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830179
Last Updated: 03/13/2021
BESbswy