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% |