7350 Stone Rd, Port Richey, FL 34668

$104,900
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Description

Stone Rd was a bank owned property which we have recently finished converting into a beautiful 3 bed 2 bath rental home. The heated sq footage (living room, bathroom, kitchen, hallways) is 1296 sq ft which is about average, but the bonus here is a very large total sq footage of 2192 which includes very spacious enclosed porches and a 1 car garage.

Renovations included:

– New HVAC unit
– Roof repair (installed in 2012)
– New tile in kitchen
– New kitchen countertops and tile backsplash
– New kitchen appliances, sink and faucet
– New carpets in bedrooms
– Fully painted inside and out
– New baseboards in living area
– Drywall repair
– Fans, lights, interior doors
– Significant work on yard debris, gutters and downspouts

Address 7350 Stone Rd
Port Richey, FL 34668
Purchase Price $104,900
Beds 3
Baths 2
Garage 1 car garage
Sq Ft 1296 heated / 2192 total
Year Built 1978
Flood Zone X
Estimated Income & Overheads
Target Annual Rent $12,900
Target Monthly Rent (A) $1,075
Management (8%) $980
Estimated Taxes $1,200
Home Insurance Estimate $950
Maintenance Reserves (5%) $645
Vacancy Reserves (5%) $645
Annual Overheads $4,420
Monthly Overheads (B) $368
Est. Net Monthly Income (A-B) $707
Est. Cash on Cash Return 8.1%
Sample Mortgage Calculations
20% down payment $20,980
Cap + int mortgage 30 yrs @ 5% int $451
Net Monthly Income After Mortgage $256
Est. Cash on Cash Return 14.6%

Location

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