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9115 Outpost Dr New Port Richey, FL 34654

3 Beds 2 Baths 1,770 sqft Built 1972

$189,900

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $107.29
  • 4 Days on Market
  • MLS # : W7830529
  • Updated Date : 02/06/2021 at 11:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,770 sqft
  • Baths : 2 full
Listing Agent

Kw Realty Elite Partners

Listing Agent's Description

You Do Not Want to Miss this Quaint 3 Bedroom, 2 Bathroom Block Home in New Port Richey. Home offers 1,770 Sqft PLUS 24 x 12 Utility Shed w/ 60 Amp Sub Panel Located on an Oversized 1/4 Lot. Welcomed with a Warm Family Room, Updated Kitchen with Granite Counter and New Cabinets; Oversized Dining Room and Living Rooms. This Home Offers a Unique Setup, Oversized Master Bedroom, 3rd Bedroom Wheelchair Accessible Shower and Vanity; Pathway from Rear of house to Deck Underneath the Majestic Oak Trees, Water Softener, New Air Condition in Nov 2018, New Double Pane Windows, Updated Electrical Panel, Updated Hot Water Heater, Updated Main Bathroom; Bonus 25ft of side yard! Minutes from PHSC, Shopping, Restaurants, VA Hospital being Built within 5 min away. Ready for you to Call HOME... This is a Must See!!

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: Bass Lake Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $52k238k

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

Neighborhood: Bass Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7301590

* 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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$660
Property Tax -$212
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
$100

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.

$189,900

PROJECTED PRICE

$1,240

PROJECTED RENT

0.65%

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

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$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$23,208

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,443

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2853$1,3004$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 9115 Outpost Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.70
    •  
  • 8836 Elm Leaf Ct Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1986
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.75
    •  
  • 8045 Durham Dr Port Richey, FL 3
    • 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1981
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.75
    •  
  • 7916 Dundee Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,757 Sqft ∙ Built 1988
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 8821 Bermuda Ln Port Richey, FL 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 1989
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Jon Mccall, Pa
1.352.616.9700
Kw Realty Elite Partners
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830529
Last Updated: 02/06/2021
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