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$139,000

For Sale - Active
5627 Ferguson Ct Apt 1303, New Port Richey, FL 34652
2 Beds
2 Baths
1,056 Square Feet
0.02 Acres Lot
Built in 1981
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Jun 27, 2025 at 04:00AM

Investment Summary


Monthly Cash Flow
-$456
Cap Rate
2.2%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-12.5%

Property Description


0.02 Acres Lot
Built in 1981
For Sale - Active
1 Units

Welcome to your waterfront oasis in one of New Port Richey’s most desirable riverfront communities! This rare opportunity offers direct Gulf access via the beautiful Cotee River, complete with available boat slips for your convenience. Enjoy breathtaking western-facing sunset views over the water from your private balcony—true Florida living at its finest. The community is financially stable, with healthy reserves, and is currently enhancing its appeal with fresh exterior paint on all buildings and a renovated pool area underway. Exciting infrastructure updates are also on the horizon, as the City of New Port Richey plans to raise the Grand Street bridge, allowing larger vessels to pass through—a major boost to the area’s desirability and boating access. Inside, the layout features two bedrooms for privacy, a screen enclosed patio to enjoy the view, and a primary suite that overlooks the water. Just a few blocks from Downtown New Port Richey, you’ll love the vibrant local dining, entertainment, and golf cart-friendly lifestyle. This pet-friendly community also includes covered parking and elevator access. Waterfront living has never looked better!

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Location


Property Details


Parking

  • Description: Carport
  • Details: Assigned, Common, Deeded, Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Flat
  • Roof Material: Concrete

HOA

  • Has HOA: Yes
  • Association: Coastal Management
  • HOA Fee: $596/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 082616034A000013030
  • Lot Size: 801 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1981

Tax Information

  • Annual Tax: $3,020

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Michael Dumas
SANDPEAK REALTY
(727) 232-2192

Source:
Stellar MLS
MLS#: W7875882
Stellar MLS

Investment Summary


Monthly Cash Flow
-$456
Cap Rate
2.2%
Cash-on-Cash Return
-17.1%
Debt Coverage Ratio
0.36
Internal Rate of Return (5 years)
-12.5%

Purchase Details

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Purchase price:
$139,000
Amount financed:
-$111,200
Down payment:
$27,800
Closing costs:
$4,170
Rehab costs:
$0
Initial cash invested:
$31,970
Square feet:
1,056
Cost per square foot:
$132
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$111,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$712
Property tax:
$252
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,076

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$252-$3,020
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (37%)
37%-$596-$7,152
Total operating expenses: (78%)
78%-$1,248-$14,972

Cash Flow


Monthly Yearly
Net operating income:
$256 $3,072
Mortgage payments:
-$712 -$8,544
Cash flow:
-$456 -$5,472