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9324 Edistro Pl New Port Richey, FL 34654

3 Beds 2 Baths 1,863 sqft Built 2006

$239,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $128.77
  • 3 Days on Market
  • MLS # : W7828425
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,863 sqft
  • Baths : 2 full
Listing Agent

Florida Luxury Realty Inc

Listing Agent's Description

PRICED BELOW MARKET VALUE for quick sale and ease of seller. This home has great bones and a great layout. Think of it as a blank slate where you can customize to your flooring and paint colors. Three Bedroom, Den, 2 Full Baths, 3 Car Garage Home on Conservation on quiet dead end street. Open Floor Plan with Kitchen with Maple Cabinetry, Quartz Countertops, Large Breakfast Bar, Newer Dishwasher and Microwave, Overlooking the Spacious Family Room and Conservation Views. Master Suite features Conservation Views and En Suite Bath with His and Her Sinks, Soaking Tub, Large Walk in Closet and More. Split Bedrooms as two Guest Bedrooms are located toward front of the house with an adjacent Bathroom. Den is plenty of space for a Home Office, Craft Space or even to use as another Bedroom. Flex Room which can serve as a Formal Living Room or Formal Dining Room just help with the flow of space in this Home. Large Screened Lanai overlooking the Large Yard and Conservation make this a great Outdoor Living Space. Waters Edge is a Resort Like Gated Community with Clubhouse, Pool, Fishing Pier, Dock, Two Playgrounds, Basketball Courts, Game room and Fitness Center. HOA fees included Free Extended Basic Cable, Internet, Trash, Reclaimed Water for Irrigation, Security and More.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Waters Edge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $71k498k

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

Neighborhood: Waters Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8252007

* 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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$885
Property Tax -$357
Property Insurance -$145
HOA -$152
Property Management Fees -$80
CASH FLOW
-$58

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.

$239,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,612

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5603$1,6504$1,6955$1,775
$1,775
RENT COMPS ANALYSIS
  • 9324 Edistro Pl New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.84
    •  
  • 9301 Edistro Pl New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2006
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.82
    •  
  • 9428 Beaufort Ct New Port Richey, FL 3
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2005
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 9323 Beaufort Ct New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2005
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 11246 Oyster Bay Cir New Port Richey, FL 5
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2006
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.86
    •  
PROPERTY LISTING DETAILS
Christine Milano
1.727.271.1601
Florida Luxury Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828425
Last Updated: 11/14/2020
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