6311 West Port Drive, Port Richey, FL
5.98% return
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Property Description

Tons of Potential! Rent & Hold or Fix & Flip for Big Profit! Needs updating. 3 Bedrooms 2 Baths Single Family Residence.Solid structure. 1 Car Garage. Located close to shopping center. Easily rents for $1000+ a month and will generate a strong net return on investment.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1504 sq. ft.
  • Lot size0.1 acres
  • Year built1973
  • CountyPasco County
  • SubdivisionWEST PORT SUB UNIT 2
  • ConstructionCBS
  • RoofShingle
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $114,900
  • Estimated rehab 1 $25,000
  • Total investment $139,900
  • Type Proforma
  • After repair value $180,000
  • Potential profit $40,100
  • Gross income (annually) $12,000
  • Operating expenses (annually) $3,629
  • Net income (annually) $8,371
  • Gross return 8.58%
  • Gross income (monthly) $1,000
  • Operating expenses (monthly) $302
  • Net income (monthly) $698
  • Net return 5.98%

Property Income & Expenses

  • Income
  • 3 bed / 2 bath $1,000/month $12,000/year
  • Total $1,000/month $12,000/year
  • Expenses
  • Property Taxes $96/month $1,155/year
  • Insurance $146/month $1,754/year
  • Maintenance reserve $60/month $720/year
  • Total $302/month $3,629/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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