8021 Floral View Way, Port Richey, FL 34668

$174,900
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Description

SOLD. This is a beautiful 3 bed 2 bath lake view home! It features over 1600 sq. ft. of heated living space and over 2,700 of total sq. footage (including a 2 car garage and two large enclosed patios). It isn´t easy to secure large renovated properties with lake facing views and this one was snapped up very quickly. It has a newer roof (2013) and HVAC (2012) and we spent well over $20,000 significantly upgrading the interiors of the property. The house sits on a spacious 0.24-acre lot.

Address 8021 Floral View Way
Port Richey, FL 34668
Purchase Price $174,900
Beds 3
Baths 2
Garage 2 car garage
Swimming Pool No
Sq Ft 1639 heated / 2761 total
Year Built 1986
Flood Zone X
Estimated Income & Overheads
Target Annual Rent $16,800
Target Monthly Rent (A) $1,400
Management (8%) $1,277
Estimated Taxes $2,223
Home Insurance Estimate $1,000
Maintenance Reserves (5%) $840
Vacancy Reserves (5%) $840
Annual Overheads $6,180
Monthly Overheads (B) $515
Est. Net Monthly Income (A-B) $885
Est. Net Annual Income $10,620
Est. Cash on Cash Return 6.1%
Sample Mortgage Calculations
80% Mortgage $139,920
20% down payment $34,980
Cap + int mortgage 30 yrs @ 5% int $751
Net Monthly Income After Mortgage $134
Est. Cash on Cash Return 4.6%
Building Schematic Click here
Google Map Click here
Market Comps Click here

 

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