Description
Great property on a quiet corner lot with a stunning lake view.
| Address | 8020 Lotus Dr |
| Port Richey, FL 34668 | |
| Sales Price | $125,600 |
| Beds | 2 |
| Baths | 2 |
| Garage | 1 |
| Swimming Pool | No |
| Sq Ft | 1096 heated / 1658 total |
| Year Built | 1971 |
| Flood Zone | X |
| Estimated Income & Overheads | |
| Target Annual Rent | $12,900 |
| Target Monthly Rent (A) | $1,075 |
| Management (8%) | $980 |
| Estimated Taxes | $1,460 |
| Home Insurance Estimate | $900 |
| Maintenance Reserves (5%) | $645 |
| Vacancy Reserves (5%) | $645 |
| Annual Overheads | $4,630 |
| Monthly Overheads (B) | $386 |
| Est. Net Monthly Income (A-B) | $689 |
| Est. Net Annual Income | $8,270 |
| Est. Cash on Cash Return | 6.6% |
| Sample Mortgage Calculations | |
| 75% Mortgage | $100,480 |
| 25% Down Payment | $25,120 |
| Cap + int mortgage 30 yrs @ 5.25% int | $558 |
| Net Monthly Income after mortgage | $131 |
| Building Schematic | Click here |
| Google Map | Click here |
| Market Comps | Click here |