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9215 Ruger Dr New Port Richey, FL 34655

3 Beds 2 Baths 2,022 sqft Built 1987

$295,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $145.90
  • 12 Days on Market
  • MLS # : W7827786
  • Updated Date : 10/25/2020 at 09:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,022 sqft
  • Baths : 2 full
Listing Agent

Raven Realty

Listing Agent's Description

Exquisite! That's the only word that comes to mind when you step inside of this 3 bedroom, 2 bathroom, 2 car garage home. Nestled in the community of River Crossing, this home has many updates you'll want to see, including an updated kitchen with granite countertops and island, stainless steel appliances and updated bathrooms. Home offers a spacious split floor plan, with fully updated ensuite master bathroom. Indoor laundry off the garage. Fully fenced back yard. Contact your local real estate professional today to schedule your showing.

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: River Crossing

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $71k331k

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

Neighborhood: River Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8251826

* 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
Deer Park Elementary School Primary Regular 577 48 7
River Ridge Middle School Middle Regular 1,118 78 7
River Ridge High School High Regular 1,536 89 7

Deer Park Elementary School

  • Education Level: Primary
  • # of students: 577
  • # of teachers: 48
7
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
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,088
Property Tax -$330
Property Insurance -$154
HOA -$14
Property Management Fees -$80
CASH FLOW
-$56

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.

$295,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,347

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,714

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5003$1,5954$1,6105$1,695
$1,695
RENT COMPS ANALYSIS
  • 9215 Ruger Dr New Port Richey, FL 4
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.80
    •  
  • 9330 Via Segovia New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 1988
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 9132 Remington Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1987
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 6088 Fall River Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 9321 Bearcat Rd New Port Richey, FL 5
    • 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,030 Sqft ∙ Built 1995
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
PROPERTY LISTING DETAILS
Paul Sertzel
1.727.430.3533
Raven Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7827786
Last Updated: 10/25/2020
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