6243 Florida Ave, New Port Richey, FL 34653

$79,900
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Description

SOLD. This is an extremely well maintained 2 bed 2 bath property close to downtown New Port Richey. The roof and HVAC are less than 2 years old and the interiors are in great condition. Some light renovations will be completed once the current tenant moves out and the property is expected to comfortably rent for $875-$925. This is a great long term, low hassle rental property.

Address Florida Ave
New Port Richey, FL 34653
Purchase Price $79,900
Beds 2
Baths 2
Garage 1 car garage
Sq Ft 1060 heated / 1517 total
Year Built 1986
Flood Zone X
Estimated Income & Overheads
Target Annual Rent $10,800
Target Monthly Rent (A) $900
Management (8%) $821
Estimated Taxes $1,470
Home Insurance Estimate $900
Maintenance Reserves (5%) $540
Vacancy Reserves (5%) $540
Annual Overheads $4,271
Monthly Overheads (B) $356
Est. Net Monthly Income (A-B) $544
Est. Cash on Cash Return 8.2%
Sample Mortgage Calculations
20% down payment $15,980
Cap + int mortgage 30 yrs @ 5% int $343
Net Monthly Income After Mortgage $201
Est. Cash on Cash Return 15.1%

Location

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