3635 Spring Valley Dr

New Port Richey, FL 34655
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2 bd, 2 ba | 2,220 sqft | Built in 1984

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List Price
$279,000

Initial Investment

$76,028

Purchase Price

$279,000

Down Payment

25%

Rent

$2,170

Total Return

$159,910

Annualized Return

25.9%

Cap Rate

6.1%

Gross Yield

9.3%

Cash Flow

$921

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,554

HOA

$30/mo

Flood Risk

High Risk - Zone AE

IF YOU'RE LOOKING FOR A GREAT HOME IN A GREAT NEIGHBORHOOD THIS IS IT! This little hidden gem of an area has only 200 homes with one way in and 1 way out so no through traffic! Private clubhouse with POOL and low HOA dues of only $363.00 annually! This lovely and spacious 2 bedroom, 2 bathroom home has been well maintained AND priced right at only $279K so the new owner can put in their own updates. There is a double door entry that takes you into a tiled foyer and a very large living room with a bay window. Double pane windows throughout. The seller just paid $2K to have the sprinkler system repaired. The garage has pulldown attic stairs for easy access. Enjoy relaxing out in the glass enclosed lanai which is fully tiled and had blinds as well for privacy. Conveniently located near plenty of shopping plaza's, restaurants, schools, not far from beaches and only 8 miles to the Veterans/Suncoast Pky. Approximatly 30 minutes to Tampa International Airport and Downtown Tampa. HVAC 9 years old/ ROOF 10 years old. Don't delay, set your appointment today! The main deed restrictions are: NO FENCES/NO BOATS/NO CAMPERS AND NO COMMERCIAL VEHICLES. PLEASE, NO SITE UNSEEN OFFERS.

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$24,738

Expenses

-$4,849

Property Taxes

-$3,800

Loan Payments

-$15,168

Net Cash Flow

$921

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Alex Stavro
Agent License 497128
BHHS FLORIDA PROPERTIES GROUP
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #W7866797
Last Updated: 07/26/2024 10:07
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