6204 12th Ave, New Port Richey, FL 34653

$122,900
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Description

SOLD.  A well located home with easy access to the 19 highway, the City of New Port Richey and the 54 which goes east towards Tampa. With 1350 sq ft of living space and almost 2000 sq ft in total including the garage and large porch, this 3 bed 2 bath will be an excellent rental property. As you can see from the photos, a substantial renovation has been completed.

Address 6204 12th Ave
New Port Richey, FL 34653
Purchase Price $122,900
Beds 3
Baths 2
Garage 1
Swimming Pool No
Sq Ft 1350 heated / 1995 total
Year Built 1984
Flood Zone X
Estimated Income & Overheads
Target Annual Rent $13,200
Target Monthly Rent (A) $1,100
Management (8%) $1,003
Estimated Taxes $1,209
Home Insurance Estimate $925
Maintenance Reserves (5%) $660
Vacancy Reserves (5%) $660
Annual Overheads $4,457
Monthly Overheads (B) $371
Est. Net Monthly Income (A-B) $729
Est. Net Annual Income $8,743
Est. Cash on Cash Return 7.1%
Sample Mortgage Calculations
80% Mortgage $98,320
20% down payment $24,580
Cap + int mortgage 30 yrs @ 5% int $524
Net Monthly Income After Mortgage $205
Est. Cash on Cash Return 10.0%
Building Schematic Click here
Google Map Click here
Market Comps Click here

Location

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