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9115 Lunar Ln Port Richey, FL 34668

3 Beds 1 Baths 1,172 sqft Built 1979

$169,997

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $145.05
  • 8 Days on Market
  • MLS # : W7829406
  • Updated Date : 01/02/2021 at 11:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 1 full
Listing Agent

Star One Realty Group

Listing Agent's Description

Beautiful 3 bedroom and office home located in a No HOA community. The home offers a spacious floor plan with laminate and tile floors throughout. You will find a large Updated kitchen area that looks out to the living and dining room. The kitchen is has a nice breakfast bar. You will see the home has converted the garage into an office area. My favorite feature of the home is the back yard, which offers a wood deck and fenced in yard. Repaired soil movement 2001

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: Regency Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $46k238k

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

Neighborhood: Regency Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6281590

* 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
Chasco Elementary School Primary Regular 696 61 2
Chasco Middle School Middle Regular 692 47 5
Ridgewood High School High Regular 1,133 73 3

Chasco Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 61
2
GreatSchools Rating

Chasco Middle School

  • Education Level: Middle
  • # of students: 692
  • # of teachers: 47
5
GreatSchools Rating

Ridgewood High School

  • Education Level: High
  • # of students: 1,133
  • # of teachers: 73
3
GreatSchools Rating
 

$152,997$186,997$169,997

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$627
Property Tax -$189
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
$140

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.

$169,997

PROJECTED PRICE

$1,190

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,799

INVESTMENT

$50,799

Down Payment
$42,499
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,499
Loan Amount $127,498
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$29,169

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,078

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1903$1,2004$1,2505$1,250
$1,250
RENT COMPS ANALYSIS
  • 9115 Lunar Ln Port Richey, FL 2
    • 3 beds 1 baths ∙ 1,172 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,172 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.02
    •  
  • 9125 Hermitage Ln Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 7411 Moravian Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 7414 Bimini Dr Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1980
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.94
    •  
  • 8800 Elm Leaf Ct Port Richey, FL 5
    • 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 1978 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 1978
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michele Rehm
1.727.364.2893
Star One Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829406
Last Updated: 01/02/2021
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