Investment Property – New Port Richey, Fl

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Description

This beautifully updated New Port Richey home is not just move-in ready, it’s income-ready. With projected rental income of $1,700/month (growing 2–3% yearly) and property values appreciating 6–8% annually, it’s a rare chance to secure both strong cash flow and long-term capital gain in Florida’s thriving market.

Rental Income

Rent Monthly $ 1,700
Rent Yearly $ 20,400
For 5 Years $ 102,000

Expenses

Tax (Monthly) $ 120
Insurance (Monthly) $ 100
Property Management (Monthly) $ 120
One Month (Total) $ 340
One Year (Total) $ 4,080
For 5 Years (Total) $ 20,400

One Year Rental Income (projected)

Total Income (1 Year) $ 20,400
Total Expense (1 Year) $ 4,080
Net Income (1 Year) $ 16,320

Five Years Projected Rental Income (considering 2% increase every year)

Total Income (5 Years) $ 106,080
Total Expense (5 Years) $ 20,400
Net Income (5 Years) $ 85,680

Property Income Breakdown with Financing (40% Down Payment)

Total Property Cost $ 240,000
Down Payment (Your Actual Investment) $ 100,000
Interest Rate 7 %
Total Rental Income (per year) $ 20,400
Expense (per year) $ 4,080
Interest Amount (yearly) $ 9,800
Net Income (per year) $ 6,520

Location

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Author Info

Thomas Valiyaveedan

Member since 5 months ago
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Property Contact

Address 3646 Murrow St New Port Richey, FL 34655, USA

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