4316 Newbury Drive, New Port Richey, FL
9.80% return
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Property Description

INVESTOR SPECIAL!!! Great fixer upper or rental. 3 bedroom 1.5 bath situated on a large lot just minutes away from the Gulf. Concrete block construction. Generate tons of rental income with this beauty. Property needs some work. Can rent for $1,150.00.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms1.5
  • Building size1609 sq. ft.
  • Lot size0.1 acres
  • Year built1970
  • CountyPasco County
  • SubdivisionBEACON SQUARE
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $99,900
  • Estimated rehab 1 $0
  • Total investment $99,900
  • Type Proforma
  • Gross income (annually) $13,800
  • Operating expenses (annually) $4,008
  • Net income (annually) $9,792
  • Gross return 13.81%
  • Gross income (monthly) $1,150
  • Operating expenses (monthly) $334
  • Net income (monthly) $816
  • Net return 9.80%

Property Income & Expenses

  • Income
  • 3 bed / 1.5 bath $1,150/month $13,800/year
  • Total $1,150/month $13,800/year
  • Expenses
  • Property Taxes $89/month $1,066/year
  • Insurance $165/month $1,976/year
  • Maintenance reserve $81/month $966/year
  • Total $334/month $4,008/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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