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9043 Jasmine Blvd New Port Richey, FL 34654

3 Beds 2 Baths 1,721 sqft Built 1966

$260,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $151.07
  • 6 Days on Market
  • MLS # : U8102986
  • Updated Date : 10/30/2020 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,721 sqft
  • Baths : 2 full
Listing Agent

High Point Realty Inc

Listing Agent's Description

Great spacious house on 1.8 acres. Recently updated bathrooms and ceramic tile floors throughout. Gigantic back yard with some outer buildings for chicken and workshop.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Golden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350kPrice in $71k386k

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

Neighborhood: Golden Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8251991

* 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
Schrader Elementary School Primary Regular 599 47 3
Bayonet Point Middle School Middle Regular 708 50 3
Fivay High School High Regular 1,320 81 4

Schrader Elementary School

  • Education Level: Primary
  • # of students: 599
  • # of teachers: 47
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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$959
Property Tax -$291
Property Insurance -$136
Property Management Fees -$80
CASH FLOW
-$96

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.

$260,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.0%
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$900k

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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$12,955

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,095
1$1,0952$1,2453$1,3704$1,4655$1,699
$1,699
RENT COMPS ANALYSIS
  • 9043 Jasmine Blvd New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.80
    •  
  • 10816 Piccadilly Rd Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,408 Sqft ∙ Built 1973
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.78
    •  
  • 10741 Leeds Rd Port Richey, FL 2
    • 3 beds 1 baths ∙ 1,413 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,413 Sqft ∙ Built 1972
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $0.88
    •  
  • 11118 Salt Tree Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1978
    LEASED 07/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $0.92
    •  
  • 11631 Seminole Dr New Port Richey, FL 5
    • 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,988 Sqft ∙ Built 1973
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.85
    •  
PROPERTY LISTING DETAILS
David Kerr
1.727.804.2116
High Point Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102986
Last Updated: 10/30/2020
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