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8227 National Dr Port Richey, FL 34668

3 Beds 2 Baths 1,198 sqft Built 2000

$180,000

List Price

$1,120

$1K - $1.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $150.25
  • 3 Days on Market
  • MLS # : W7830757
  • Updated Date : 02/13/2021 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,198 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty

Listing Agent's Description

Come see this home situated in the well sought-after Jasmine Trails! This charming home has 3 bedrooms, 2 baths, and a newer laminate wood plank floor with a FRESHLY PAINTED interior and a newer AC makes this home move in ready! A spacious living area, and FENCED in corner yard with plenty of outdoor space and screened in patio, makes this a wonderful home to entertain your friends and family! The low HOA fee includes the community POOL and CLUBHOUSE with an optional secured boat/RV storage lot. Wonderful opportunity for first time home buyers! Schedule your showing now! Don’t miss this one!

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: Jasmine Trails

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Jasmine Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371590

* 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
Fox Hollow Elementary School Primary Regular 565 44 3
Bayonet Point Middle School Middle Regular 708 50 3
Fivay High School High Regular 1,320 81 4

Fox Hollow Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 44
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
 

$162,000$198,000$180,000

PURCHASE PRICE

$1,008$1,232$1,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,120
EXPENSES Loan Payment -$625
Property Tax -$200
Property Insurance -$106
HOA -$40
Property Management Fees -$129
CASH FLOW
$20

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.

$180,000

PROJECTED PRICE

$1,120

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 12.0%
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$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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$14,604

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,120

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,114

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1203$1,2804$1,3005$1,349
$1,349
RENT COMPS ANALYSIS
  • 8227 National Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,120
    • $0.93
    •  
  • 8832 Huntsman Ln Port Richey, FL 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1986 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1986
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.95
    •  
  • 7611 Foxbloom Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1981
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.91
    •  
  • 7809 Vienna Ln Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,341 Sqft ∙ Built 1989
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 9421 Barnstead Ln Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.89
    •  
PROPERTY LISTING DETAILS
Carmine Petruzziello
1.516.838.0038
Future Home Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830757
Last Updated: 02/13/2021
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