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9002 Sandusky Ln New Port Richey, FL 34654

4 Beds 3 Baths 2,504 sqft Built 2006

$309,309

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $123.53
  • 56 Days on Market
  • MLS # : T3278301
  • Updated Date : 01/23/2021 at 17:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,504 sqft
  • Baths : 3 full
Listing Agent

Tjk Properties Inc

Listing Agent's Description

Gorgeous executive home over 2500 SqFt 4Bd 3Ba in Waters Edge w/ 3 car garage rm. With 4 bedrooms, three full bathrooms and a 3 car garage plus upstairs media/bonus you will have room to roam. This home features a formal living & dining room which are spacious. The casual dining area is next to the kitchen which is open to the family room. The kitchen has 42” wood cabinets, Corian counters w/ ceramic back splash and is ready for the chef's in the family. The family room is large and has sliding doors to the screened porch which is a great place to relax. The master bedroom has two walk in closets and the master bathroom is a delight with double vanity with two sinks, garden tub and separate glass enclosed shower. There are another two bedrooms and two bathrooms downstairs servicing everybody's needs. Upstairs there is a large bedroom/bonus room that has a very large storage area…you have to agree that this is a great deal all around. This gated community offers a state of the art 9000 Sq Ft club house with fitness room, community pool, volleyball court, boat ramp, fishing pier, theater/media room & tot lot. Flood Zone ‘X’ [non flood]. . EXTRA LARGE LOT-OVER 1/4 ACRE ***SELLER WILL CONVEY $7,777 CASH ALLOWANCE AT CLOSING FOR FLOORING/UPGRADE ALLOWANCE--BUYER WALKS WITH $$ AFTER CLOSING****

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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: Waters Edge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $71k498k

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

Neighborhood: Waters Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8252007

* 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
 

$278,378$340,240$309,309

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,074
Property Tax -$460
Property Insurance -$182
HOA -$152
Property Management Fees -$129
CASH FLOW
-$97

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.

$309,309

PROJECTED PRICE

$1,900

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$87,717

INVESTMENT

$87,717

Down Payment
$77,327
Rehab Estimate
$5,750
Closing Costs
$4,640

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,327
Loan Amount $231,982
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,009

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9754$1,9955$2,200
$2,200
RENT COMPS ANALYSIS
  • 9002 Sandusky Ln New Port Richey, FL 2
    • 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
  • 11106 Oyster Bay Cir New Port Richey, FL 1
    • 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
    •  
  • 9302 Edistro Pl New Port Richey, FL 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.81
    •  
  • 7837 Prospect Hill Cir New Port Richey, FL 4
    • 5 beds 4 baths ∙ 2,592 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,592 Sqft ∙ Built 2005
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 11324 Biddeford Pl New Port Richey, FL 5
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2006
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Calvin Kemp
1.727.647.0660
Tjk Properties Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278301
Last Updated: 01/23/2021
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