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9413 Barnstead Ln Port Richey, FL 34668

3 Beds 2 Baths 1,510 sqft Built 1988

$204,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $135.10
  • 2 Days on Market
  • MLS # : W7829698
  • Updated Date : 01/09/2021 at 14:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Kw Realty Elite Partners

Listing Agent's Description

Move in ready, three bedroom, two bath home with over 1500 square feet of living with a one car garage and a cul de sac location with no rear neighbors. The interior of this home features ceramic tile flooring through out the house, an updated eat in kitchen with breakfast bar, pantry, and a spacious dining area over looking the lanai, the master bedroom has a walk-in closet and access to the back yard, master bath has dual sinks and plenty of counter space. The exterior of the home features a oversized brick paver driveway that can accommodate two vehicles side by side, a shaded front porch/patio area, vinyl privacy fencing in the back yard and a large screen enclosed lanai. The roof was replaced in 2016 and the HVAC system in 2017.

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: 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
 

$183,600$224,400$204,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$709
Property Tax -$227
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
$171

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.

$204,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.67%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,810

INVESTMENT

$59,810

Down Payment
$51,000
Rehab Estimate
$5,750
Closing Costs
$3,060

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$709

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,000
Loan Amount $153,000
See What Happens When You Reinvest Cash Flow

10.25

YEARS SAVED

$30,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,355

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,249
1$1,2492$1,2853$1,3604$1,3955$1,549
$1,549
RENT COMPS ANALYSIS
  • 9413 Barnstead Ln Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.90
    •  
  • 9421 Barnstead Ln Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1989
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,249
    • $0.83
    •  
  • 7820 Chalafonte Dr Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1977
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $0.89
    •  
  • 9825 Sandstone Ln Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1976
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.92
    •  
  • 7639 Shapleigh Dr Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1988
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.95
    •  
PROPERTY LISTING DETAILS
Vincent Mina, Jr
1.352.688.6500
Kw Realty Elite Partners
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829698
Last Updated: 01/09/2021
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