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9326 Tamworth Ln Port Richey, FL 34668

3 Beds 2 Baths 1,216 sqft Built 1988

$180,000

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $148.03
  • 4 Days on Market
  • MLS # : T3280905
  • Updated Date : 12/17/2020 at 12:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 full
Listing Agent

Mv Realty Pbc Llc

Listing Agent's Description

Beautiful 3 bedroom, 2 full bath home with Fenced Yard, Large Circular Driveway & Newer Roof Featuring an Open Feel as you Step into the Living Room with Cathedral Ceilings and Plenty of Windows, Open Kitchen, Dining Area, Split Floorplan between Master Bedroom & 2 Bedrooms. Glass Sliders to Screened Lanai (approx. 160 Sq. ft). Master bedroom features Walk- In Closet, Linen Closet, Full Bath (Shower Only) & Glass Sliders to the Yard. Oversized 1 Car Garage, Separate Laundry Room with Sink & Extra Cabinets for Storage. Measurements of bedroom, kitchen, living are not accurate .A/C replaced Convenient location to Shopping, Schools, Hospitals & Restaurants.

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: 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
Fox Hollow Elementary School Primary Regular 565 44 3
Bayonet Point Middle School Middle Regular 708 50 3
Ridgewood High School High Regular 1,133 73 3

Fox Hollow Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 44
3
GreatSchools Rating

Bayonet Point Middle School

  • Education Level: Middle
  • # of students: 708
  • # of teachers: 50
3
GreatSchools Rating

Ridgewood High School

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

$162,000$198,000$180,000

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$664
Property Tax -$200
Property Insurance -$107
Property Management Fees -$129
CASH FLOW
-$10

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.

$180,000

PROJECTED PRICE

$1,090

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$53,450

INVESTMENT

$53,450

Down Payment
$45,000
Rehab Estimate
$5,750
Closing Costs
$2,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $45,000
Loan Amount $135,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$14,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,088

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$995
1$9952$1,0503$1,0904$1,1005$1,200
$1,200
RENT COMPS ANALYSIS
  • 9326 Tamworth Ln Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.90
    •  
  • 7040 Potomac Dr Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1974
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.85
    •  
  • 7124 Castanea Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 9125 Hermitage Ln Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1978
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.89
    •  
  • 7411 Moravian Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 1974
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
PROPERTY LISTING DETAILS
Frances Rojas
1.813.318.1362
Mv Realty Pbc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280905
Last Updated: 12/17/2020
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