9114 Richwood Ln

Port Richey, FL 34668
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2 bd, 1 ba | 1,236 sqft | Built in 1981

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List Price
$249,900

Initial Investment

$68,098

Purchase Price

$249,900

Down Payment

25%

Rent

$1,450

Total Return

$216,522

Annualized Return

32.3%

Cap Rate

4.8%

Gross Yield

7.0%

Cash Flow

-$2,248

Appreciation

14.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,020

HOA

None

Flood Risk

Not Required

No water intrusion, No damage from recent storms of 2024! This beautifully renovated, open floor plan home is truly move-in-ready, with every detail thoughtfully upgraded for modern comfort and style. The updated kitchen, featuring stainless steel appliances offers a sleek, functional space perfect for cooking and entertaining. The fully updated bathroom includes new tile and modern fixtures, creating a spa-like atmosphere for daily relaxation. The new sliding glass doors invite natural light into the home, enhancing its bright, open feel while also providing energy efficiency. Fresh interior and exterior paint gives the entire property a clean, polished look- no work needed before settling in.
Major systems have been addressed for long-term peace of mind. The roof was replaced in 2021, providing essential protection and eliminating a major expense. The HVAC system was upgraded to a high-efficiency BOSCH unit in 2023, complete with new ductwork, ensuring lower energy bills and better air quality. A new water heater (installed in 2022) and new whole-home water filtration system (added in 2023) contribute to more efficient and healthier living environment.
Outdoor living is just as impressive. The large, screened-in 30x20 ft pool was resurfaced in 2021 with a beautiful cool-toned Diamond Brite finish, and the updated pool equipment ensures smooth, low-maintenance operation. Relax or entertain in the expansive screened lanai which features a ceiling fan for added comfort. Take advantage of the convenience of an outdoor shower on the lanai, perfect for rinsing off after a swim or a day at the beach.
Additional property highlights include a generous corner lot that offers added space & privacy and a stylish, modern carport with room for two other cars in the driveway/yard as well! The laundry room could easily be renovated to add a half bathroom. Four new windows and sliding glass doors in 2021. NO HOA or CDD and this home CAN be used as a short term/long term rental. Just 40 minutes away from Tampa, 30 minutes to the beach, a few minutes to shopping, restaurants and parks means easy to stay entertained every day of the week!

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

Annual Financial Highlights

Expected Rent

$16,530

Expenses

-$2,942

Property Taxes

-$2,250

Loan Payments

-$13,586

Net Cash Flow

-$2,248

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:Anne Bromberg
Agent License 3336894
RE/MAX ACTION FIRST OF FLORIDA
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #TB8374736
Last Updated: 04/17/2025 10:04
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