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9261 Glen Moor Ln Port Richey, FL 34668

3 Beds 2 Baths 1,923 sqft Built 1979

$265,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $137.81
  • 3 Days on Market
  • MLS # : U8116217
  • Updated Date : 03/13/2021 at 20:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,923 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This one will stop you in your tracks! This spacious 3 bedroom 2 bath pool home is almost 2000 sq ft and sits on one of the biggest lots in the neighborhood. The home features updates around every corner. The roof is 2018. AC is 2019. Kitchen has been remodeled and features gorgeous granite countertops and shaker-style cabinets, as well as a beautiful backsplash and recessed lighting. The adjoining family room features a beautiful stone front fireplace that can be either wood burning or electric - you choose! The main areas of the home have vaulted ceilings which makes the home feel even bigger than it is. The owner's suite has a bathroom attached that is like a resort! The jetted tub is situated under a glass ceiling with views of the beautiful Florida palm trees and sky. The shower has a spa-like shower head. Lets not forget to mention this home also features a beautiful salt water pool under a screen enclosure. With so much to love about this home, you will never want to leave!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Embassy Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Embassy Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6371590

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$920
Property Tax -$295
Property Insurance -$148
Property Management Fees -$129
CASH FLOW
$7

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.

$265,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$18,430

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,3003$1,4004$1,5005$1,600
$1,600
RENT COMPS ANALYSIS
  • 9261 Glen Moor Ln Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,923 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 7404 Westcott Dr Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1974
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.76
    •  
  • 8045 Durham Dr Port Richey, FL 2
    • 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,732 Sqft ∙ Built 1981
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.75
    •  
  • 6510 Ridge Crest Dr Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1977
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.74
    •  
  • 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
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christina Probeyahn
1.727.744.7211
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116217
Last Updated: 03/13/2021
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