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9430 Palm Ave 
Port Richey, FL
34668
3 Beds 2 Baths 1,366 sqft
Built 1973
INVESTimate
$165,900
List Price
$49,714
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PROPERTY INFO
FACTS
- Built In 1973
- Price/Sqft : $121.45
- 2 Days on Market
- MLS # : W7826009
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,366 sqft
- Baths : 2 full
Listing Agent
Paradise West Realty, Inc
Listing Agent's Description
Come see this light and bright cheery well maintained 3/bed/2 bath house with open floor plan. This will meet your needs of a happy home. Newer roof replaced in 2016 and AC in 2008. The garage has been revised to accommodate the 3rd bedroom and can be converted back. You can relax in your fenced backyard on the very large enclosed deck/lanai or entertain for fun weekends and holidays. There is no HOA involved here and it is being sold AS IS for sellers convenience.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Embassy Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,110 |
| EXPENSES | Loan Payment | -$612 |
| Property Tax | -$185 | |
| Property Insurance | -$116 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$118
|
||
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.
$165,900
PROJECTED PRICE
$1,110
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 13.30% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$49,714
LOAN DETAILS
$612
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,475 |
| Loan Amount | $124,425 |
9.58
YEARS SAVED
$26,136
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,110
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,110
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
9430 Palm Ave Port Richey, 2
- 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,110
- $0.81
-
9416 Legend Ln Port Richey, 1
- 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1976
LEASED 02/18/20- Rent
- Rent Per SQFT
- $950
- $0.74
-
9341 Mark Twain Ln Port Richey, 3
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1978
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,200
- $0.83
-
9421 Barnstead Ln Port Richey, 4
- 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
-
6920 Tierra Verde St Port Richey, 5
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1973
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,250
- $0.85
PROPERTY LISTING DETAILS
1.727.967.1204
Paradise West Realty, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7826009
Last Updated: 08/26/2020
