8034 Merrimac Dr

Port Richey, FL 34668
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2 bd, 2 ba | 2,148 sqft | Built in 1983

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List Price
$284,900

Initial Investment

$77,635

Purchase Price

$284,900

Down Payment

25%

Rent

$1,600

Total Return

$230,652

Annualized Return

29.9%

Cap Rate

3.7%

Gross Yield

6.7%

Cash Flow

-$5,649

Appreciation

14.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,250

HOA

$50/mo

Flood Risk

Not Required

Do not miss your opportunity to make this completely renovated home your new “home sweet home” in the Timber Oaks 55 plus community. There was not one stone left unturned during this complete remodel! This two-bedroom, two-bathroom home has marble windowsills and luxury vinyl plank flooring throughout, fresh interior paint in the Sherwin Williams color of the year “Upward”, all new baseboards, interior doors, lighting, ceiling fans, windows and sliding glass doors. Plus, all new electrical outlets/switches and new water heater. The kitchen is light and bright with new white, soft-close cabinets, granite counter tops, garbage disposal and all new Frigidaire stainless-steel appliances and track lighting. The view from the kitchen sink looks through the new sliding pass through window to the oversized Florida room with new carpet, screens, and vinyl windows plus a ceiling fan to keep you comfortable! The Florida room can be accessed through the sliding glass doors from the family room or from the sliding glass doors from the dining room. The master bathroom has a walk-in closet and en suite with a newly ceramic tiled step-down shower and vanity, plus a bathroom window for natural light and ventilation! You will also find a completely renovated second bathroom with a ceramic tiled tub/shower combination and a new vanity. The laundry room is inside on the way to the two-car garage that has a fresh, new epoxy floor and new garage door. The roof has been fully replaced and the exterior front door has been updated. Lots of curb appeal with the freshly landscaped mulch and fresh exterior paint color “French Silver”. The only thing left for this home is some new owners to give it daily TLC. The low HOA fee includes maintenance of the common area and the community center which has a heated pool, heated spa, fitness room, Bocce Ball courts, tennis courts and shuffleboard courts. Call today for your private showing!

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

Annual Financial Highlights

Expected Rent

$18,240

Expenses

-$5,800

Property Taxes

-$2,600

Loan Payments

-$15,489

Net Cash Flow

-$5,649

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:Susanna Vizzari
Agent License 3039291
RE/MAX SUNSET REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #W7863925
Last Updated: 04/28/2024 14:04
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