Stellar New Port Richey Flip

Stellar New Port Richey Flip

2 bed 2 bath 1152 sq ft Built in 1971 Single Family
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76
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Located in the quiet and popular subdivision of Beacon Hill in New Port Richey, FL, is this excellent opportunity for a flip or as a buy and hold! The home consists of a quaint two-bedroom, two-bathroom, 1152 square feet, and a one-car attached garage single-family home. The previous owner has maintained the home and made light updates to the interior, so this would be a quick flip for a nice profit after the finishing touches. Currently, the home is tenant-occupied until the end of March, collecting below-market rent of $1400 a month. Current market rent is around $1700-$1900 a month, which can create a nice cash flow as a rental. With increased sales in the neighborhood, this could be the next big flip to work with the spring approaching! Please get in touch with your EquityPro advisor for more information. 

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We recommend flip
Rental Income
$1,700 mo. / $20,400 yr.
Estimated Taxes
$2,800 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$13,860
Projected Income
7.07%
Estimated APY
$47,850
Projected Income
21.07%
Estimated ROI

Comps

 
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