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$285,000

For Sale - Active
8491 Essington St, New Port Richey, FL 34654
3 Beds
3 Baths
1,666 Square Feet
0.04 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: Jun 05, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
-$510
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Property Description


0.04 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Major price improvement! Welcome to this beautifully crafted, newly built townhome located in the desirable GATED neighborhood of Ventana at Waters Edge offering contemporary living at its finest! This property DOES NOT need flood insurance! This lovely floor plan boasts a large family room for a perfect gathering space featuring gleaming 18x18 tile floors and a modern ceiling fan, stylish chef’s kitchen boasting granite countertops and breakfast bar, elegant 42” staggered cabinets, brushed nickel fixtures, stainless steel appliances and pendulum lighting over the breakfast bar adding a touch of sophistication, large dining area features sliding doors leading out to a screened lanai, offering a tranquil view of the conservation area. This outdoor space also includes a separate pavered deck, perfect for grilling and enjoying the natural surroundings. Stunning master bedroom with walk in closet and serene conservation views, master bath with stand up shower, dual sinks and tile floors, guest rooms are vast and offer plush carpeting and double closets, upstairs laundry room for added convenience, versatile LOFT space perfect for a reading nook or additional entertaining area, front screened veranda entry, water softener, access to a private pool and to resort like amenities at Waters Edge including an additional pool, fitness center, club house, basketball courts, playgrounds and more! If you are looking for a townhome that seamlessly blends comfort, style, and functionality, this is the perfect place to call home!

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Resource Property MGMNT
  • HOA Fee: $148/monthly
  • Additional Association: Management & Associates
  • Additional HOA Fee: $425/quarterly

Land Information

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

Lot Information

  • Parcel ID: 2925170050000000370
  • Lot Size: 1950 sqft

Property Information

  • Property Type: Townhouse
  • Style: Contemporary
  • Year Built: 2021

Tax Information

  • Annual Tax: $3,334

Utilities

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

Location

  • County: Pasco

Listing Details


Listed by:
Marsha Paul
M3 REAL ESTATE PROFESSIONALS LLC
(813) 601-4752

Source:
Stellar MLS
MLS#: T3550044
Stellar MLS

Investment Summary


Monthly Cash Flow
-$510
Cap Rate
4.0%
Cash-on-Cash Return
-9.3%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.0%

Purchase Details

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Purchase price:
$285,000
Amount financed:
-$228,000
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,666
Cost per square foot:
$171
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$228,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,460
Property tax:
$278
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,892

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$278-$3,335
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (13%)
13%-$290-$3,480
Total operating expenses: (51%)
51%-$1,118-$13,415

Cash Flow


Monthly Yearly
Net operating income:
$950 $11,400
Mortgage payments:
-$1,460 -$17,520
Cash flow:
$510 $6,120