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$315,000

For Sale - Active
5810 8th Ave, New Port Richey, FL 34652
2 Beds
2 Baths
1,326 Square Feet
0.14 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 22, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$685
Cap Rate
3.5%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.0%

Property Description


0.14 Acres Lot
Built in 1973
For Sale - Active
Units n/a

One or more photo(s) has been virtually staged. Welcome to this Move-In-Ready Pool home with 2 bedrooms, 2 baths, a bonus room and a 1-car garage. When you enter the home, you will love the open floor plan with an open view of the Livingroom and Dining space all the way out through the sliders to the covered patio/pool/backyard. To the right of the living room are 2 spacious bedrooms and a hall bath. The Primary Suite has a nice sized closet and an updated en-suite bath. The Dining space is open to the Kitchen and the light and bright Bonus room which could be used as a playroom, office, workout area, 2nd living space or maybe even an additional dining space for a large dining table. The remodeled Kitchen has new cabinets, countertops and Stainless Steel appliances. Outside of the bonus room through the sliding doors is the enclosed pool, the perfect space for entertaining! The backyard is fenced in and is a blank canvas. Plenty of room for a swing set, flower/vegetable garden, outdoor kitchen or even your 4 legged friends. New Features: interior/exterior paint, remodeled Kitchen, updated Baths, lighting fixtures, LVP flooring, Hot Water Heater, Electrical Panel. Newer ROOF 2017 and A/C 2021. Oversized driveway for parking cars, boats, trailers. No HOA, No CDD, Flood Zone X. Convenient to major shopping and dining. This home is only 2 miles south of Downtown New Port Richey where you can enjoy restaurants, shopping, festivals as well as Sims Park that has a splash park, playground, outdoor workout equipment and hosts Movies in the Park nights, concerts and other celebrations.

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Location


Property Details


Parking

  • Description: Covered, Driveway, Ground Level, Off Street
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1726160640000003210
  • Lot Size: 5950 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1973

Tax Information

  • Annual Tax: $3,757

Utilities

  • Water & Sewer: None
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Lisa Phillips
KELLER WILLIAMS REALTY- PALM H
(727) 470-3336

Source:
Stellar MLS
MLS#: TB8372007
Stellar MLS

Investment Summary


Monthly Cash Flow
-$685
Cap Rate
3.5%
Cash-on-Cash Return
-11.3%
Debt Coverage Ratio
0.58
Internal Rate of Return (5 years)
-7.0%

Purchase Details

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Purchase price:
$315,000
Amount financed:
-$252,000
Down payment:
$63,000
Closing costs:
$9,450
Rehab costs:
$0
Initial cash invested:
$72,450
Square feet:
1,326
Cost per square foot:
$238
Monthly rent per square foot:
$1.36

Financing Details

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Loan amount:
$252,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,614
Property tax:
$313
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,053

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$313-$3,757
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$763-$9,157

Cash Flow


Monthly Yearly
Net operating income:
$929 $11,148
Mortgage payments:
-$1,614 -$19,368
Cash flow:
$685 $8,220