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7825 Fashion Loop New Port Richey, FL 34654

3 Beds 2 Baths 1,579 sqft Built 2001

$249,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $158.26
  • 6 Days on Market
  • MLS # : U8112598
  • Updated Date : 02/11/2021 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,579 sqft
  • Baths : 2 full
Listing Agent

Suncoast Group Realtors Llc

Listing Agent's Description

Live and Play in The Gated Community of Sabalwood At River Ridge! Walking distance to schools. NO REAR NEIGHBORS !NEW ROOF 2020, NEW A?C 2018! This home offers an open floor plan, living room Dining room combo, 3 bedrooms, 2 baths (Master Bath has a Garden Tub and separate shower).Wood flooring in main rooms and Ceramic tile in the kitchen area. Also for the outdoor enthusiast it has a 3 season Lani, plus a outdoor screened patio.The KITCHEN is open to the living areas of the home and has a separate laundry room that is air conditioned.There is a large 2 CAR GARAGE, with attic space for additional storage. It also features a built in stereo system and speakers wired throughout the living areas. This home is close to Starky Park. all shopping and restaurants, Trinity Hospital , SunCoast Parkway, beaches and a short drive to Tampa Airport and Downtown sporting events. River Ridge Country Club membership is available for extra amenities. This is a great neighborhood to live and play, bring the family and come see this home.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sabalwood at River Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $71k238k

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

Neighborhood: Sabalwood 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$868
Property Tax -$279
Property Insurance -$128
HOA -$60
Property Management Fees -$129
CASH FLOW
-$64

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.

$249,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.56%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$12,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,429

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3493$1,4004$1,4495$1,565
$1,565
RENT COMPS ANALYSIS
  • 7825 Fashion Loop New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 7941 Clarendon Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1986
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.93
    •  
  • 8111 Hathaway Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1988
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.90
    •  
  • 11008 Millbury Ct New Port Richey, FL 4
    • 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,605 Sqft ∙ Built 2000
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.90
    •  
  • 11526 Leda Ln New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2003
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.89
    •  
PROPERTY LISTING DETAILS
Thomas Ambrose-emundi
1.813.416.6375
Suncoast Group Realtors Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112598
Last Updated: 02/11/2021
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