5239 Drift Tide Dr

New Port Richey, FL 34652
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3 bd, 2 ba | 1,025 sqft | Built in 1972

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List Price
$219,900

Initial Investment

$59,923

Purchase Price

$219,900

Down Payment

25%

Rent

$1,600

Total Return

$179,440

Annualized Return

32.0%

Cap Rate

5.7%

Gross Yield

8.7%

Cash Flow

-$192

Appreciation

13.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,800

HOA

None

Flood Risk

Not Required

GREAT DEAL! A MUST SEE! Very Nice 1-Story House with 3 Bedrooms, 2 Bathrooms and 1 Car Garage on a Big FULLY FENCED BACKYARD lot in the “Spring Lake Estates” Subdivision! RECENTLY REMODELED and UPDATED: Freshly Painted inside of the house! UPDATED Kitchen with Newer Counter-tops, Cabinets, Brand-New Stainless Steel Appliances including Refrigerator, Dishwasher, Range and Microwave. Brand-New Luxury Vinyl Flooring throughout! Remodeled 2 Full Bathrooms: One has a Tub, Newer Cabinets & Counter-top and the other has a Shower Stall. The Garage is over-sized with Washer & Dryer and Newer Garage Door Opener. Just Painted Garage Floor. Your Family will enjoy sitting on the 18' x 12' Open Porch which is accessed from the Sliding Door in the Dining Room! The Decent-sized Front Porch with 2 Night Light Stands, will also be a Leisure place you love to spend time at. NO HOA! NEVER FLOODED!! NO FLOOD INSURANCE NEEDED! GREAT LOCATION: Situated Close to US-19 and SR 54 with all kinds of businesses around, convenient for Shopping, going Restaurants, Hospitals, various Parks and Recreation and bodies of Water including the Gulf of Mexico, Key Vista Park, Howard Park Beach, Sunset Beach and Historical Tarpon Springs! Hurry up! CALL Today for more info and Schedule a Showing!

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

Annual Financial Highlights

Expected Rent

$18,240

Expenses

-$3,247

Property Taxes

-$3,230

Loan Payments

-$11,955

Net Cash Flow

-$192

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:Judy Rodriguez
Agent License 3190824
PEOPLE'S CHOICE REALTY SVC LLC
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #TB8359576
Last Updated: 03/09/2025 11:03
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