4316 Newbury Drive, New Port Richey, FL

9.80% return

SP: $99,900

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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 units1
Total bedrooms3
Total bathrooms1.5
Building size1609 sq. ft.
Lot size0.1 acres
Year built1970

CountyPasco County
SubdivisionBEACON SQUARE
ConstructionCBS
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$99,900
Estimated rehab¹$0
Total investment$99,900

TypeProforma

Gross income (annually)$13,800
Operating expenses (annually)$4,008
Net income (annually)$9,792
Gross return13.81%

Gross income (monthly)$1,150
Operating expenses (monthly)$334
Net income (monthly)$816
Net return9.80%

Property Income & ExpensesMonthlyAnnual

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.