9240 Lido Ln

Port Richey, FL 34668
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2 bd, 1 ba | 1,492 sqft | Built in 1973

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List Price
$224,999

Initial Investment

$61,312

Purchase Price

$224,999

Down Payment

25%

Rent

$1,580

Total Return

$203,166

Annualized Return

33.9%

Cap Rate

5.5%

Gross Yield

8.4%

Cash Flow

-$476

Appreciation

14.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,100

HOA

None

Flood Risk

Not Required

Welcome to this well-maintained home with endless potential for your personal touches. This 2-bedroom, 1 bathroom, 1,072 square feet home features tile throughout the living room, kitchen, bathroom and bonus room, and carpet in the bedrooms. The original bathroom and kitchen have endless potential to be remodeled to your personal style. The bonus room, located at the back of the home, is a versatile space that can be used as a second living room, playroom, office, or anything else that suits your needs. The backyard is fenced, offering privacy and seclusion from neighbors. With a little bit of imagination, the backyard has the potential to be transformed into an entertainer’s dream or a family friendly area. Whether you create an outdoor dining area, build a garden, or install a firepit or playground, the possibilities are endless. This home is perfect for those who appreciate a blank slate with the potential to add their own personal touch. Brand new water heater was installed 7 months ago, a new garage door installed one year ago, A/C was installed in March 2013, and the roof is 9 years old.

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

Annual Financial Highlights

Expected Rent

$18,012

Expenses

-$3,206

Property Taxes

-$3,050

Loan Payments

-$12,232

Net Cash Flow

-$476

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:Jessica Wolff
Agent License 3538765
COLDWELL BANKER REALTY
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #T3475466
Last Updated: 09/27/2023 19:09
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