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7732 Roycroft Dr New Port Richey, FL 34654

4 Beds 3 Baths 2,241 sqft Built 1996

$314,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $140.52
  • 2 Days on Market
  • MLS # : W7830032
  • Updated Date : 01/23/2021 at 14:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,241 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty

Listing Agent's Description

BEAUTIFUL POOL HOME IN THE DESIRABLE RIVER RIDGE. JUST MINUTES TO THE BUSTLING TRINITY AREA, FEATURING A STATE OF THE ART HOSPITAL, MAJOR SHOPPING AND PROFESSIONAL FACILITIES. THIS 4 BR 3 BATH SPLIT DESIGN HOME HAS EVERYTHING YOU HAVE BEEN LOOKING FOR. THROUGH THE DOUBLE DOOR ENTRY, YOU WILL FIND THE FORMAL LIVING AND DINING ROOM. MASTER BEDROOM SUITE IS TO THE LEFT AND FEATURES AN EN SUITE BATH WITH SOAKING TUB. HIS AND HER CLOSETS AND PRIVATE FRENCH DOORS TO THE LANAI AND POOL COMPLETE THIS OASIS. THROUGH THE FORMAL LIVING ROOM ARE TWO ADDITIONAL BEDROOMS WHICH FEATURE A JACK AND JILL BATH. TO THE LEFT IS THE ENTRY TO THE REMODELED KITCHEN WITH SOLID WOOD CABINETRY, GRANITE COUNTER TOPS AND STAINLESS STEEL APPLIANCES. PLENTY OF STORAGE ROOM WITH FULL WALL PANTRY AREA. THE KITCHEN OPENS TO THE FAMILY ROOM PROVIDING PLENTY OF ROOM FOR CASUAL ENTERTAINING. POOL BATH AND 4TH BEDROOM PRIVATELY LOCATED OFF THE FAMILY ROOM. THIS LOVELY HOME HAS BEEN IMPECCABLY MAINTAINED. THE ROOF WAS REPLACED IN 2012, HVAC IN 2019, WATER HEATER AND POOL PUMP IN 2016. POOL WAS REFINISHED IN 2019. THERE IS EVEN A WELL FOR IRRIGATION! IF YOU HAVE BEEN SEARCHING IN THE ROUTE 54 CORRIDOR, DON'T MISS THIS. 10 MINUTE DRIVE AND SO MUCH FOR YOUR MONEY.

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: Deer Ridge at River Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $71k253k

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

Neighborhood: Deer Ridge at River Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8251590

* 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
Cypress Elementary School Primary Regular 795 54 4
River Ridge Middle School Middle Regular 1,118 78 7
River Ridge High School High Regular 1,536 89 7

Cypress Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 54
4
GreatSchools Rating

River Ridge Middle School

  • Education Level: Middle
  • # of students: 1,118
  • # of teachers: 78
7
GreatSchools Rating

River Ridge High School

  • Education Level: High
  • # of students: 1,536
  • # of teachers: 89
7
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,094
Property Tax -$352
Property Insurance -$167
HOA -$82
Property Management Fees -$129
CASH FLOW
-$103

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.

$314,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$4.0k-$2.0k$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,7753$1,9004$1,9855$1,995
$1,995
RENT COMPS ANALYSIS
  • 7732 Roycroft Dr New Port Richey, FL 1
    • 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,241 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.77
    •  
  • 11246 Oyster Bay Cir New Port Richey, FL 2
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
  • 11106 Oyster Bay Cir New Port Richey, FL 3
    • 5 beds 3 baths ∙ 2,333 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,333 Sqft ∙ Built 2006
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 11246 Ragsdale Ct New Port Richey, FL 4
    • 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 2006
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.88
    •  
  • 9002 Sandusky Ln New Port Richey, FL 5
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
PROPERTY LISTING DETAILS
Lori Salzman
1.800.921.1330
Future Home Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830032
Last Updated: 01/23/2021
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