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9805 Reynosa Dr New Port Richey, FL 34655

3 Beds 2 Baths 1,696 sqft Built 1989

$249,999

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $147.41
  • 2 Days on Market
  • MLS # : W7830139
  • Updated Date : 01/30/2021 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,696 sqft
  • Baths : 2 full
Listing Agent

Equity Partners Real Est Llc

Listing Agent's Description

Beautiful 3 bedroom/2 bath split-plan home sits on .26 acres in the great community of Hunters Ridge. Upon entering the home, you will be welcomed into a foyer that opens to the living area leading into the kitchen. Master bedroom complete with a master en suite bathroom and spacious walk in closet. Tile flooring throughout the home with newly installed trim. The top of the line roof is only two years old. You will enjoy relaxing on the large screened patio and fenced in backyard! This home is located within close proximity to biking trails and Starkey Wilderness Park.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $71k372k

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

Neighborhood: Hunters Ridge

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
Longleaf Elementary School Primary Regular 645 51 9
River Ridge Middle School Middle Regular 1,118 78 7
River Ridge High School High Regular 1,536 89 7

Longleaf Elementary School

  • Education Level: Primary
  • # of students: 645
  • # of teachers: 51
9
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
 

$224,999$274,999$249,999

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$868
Property Tax -$294
Property Insurance -$135
HOA -$17
Property Management Fees -$129
CASH FLOW
$207

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.

$249,999

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.6%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,499
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$38,600

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,484

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5493$1,5504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 9805 Reynosa Dr New Port Richey, FL 5
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 9132 Remington Dr New Port Richey, FL 1
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1987
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 9545 Alvernon Dr New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1999
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.87
    •  
  • 9543 Conservation Dr New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1997
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 5301 Wellfield Rd New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1992
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
PROPERTY LISTING DETAILS
Matt Bullwinkel
1.727.389.5857
Equity Partners Real Est Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830139
Last Updated: 01/30/2021
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