🤑 Newly Listed Tampa Dual Dwelling Opportunity!! 🤑 [Code: Tampa2]
- ~$513/mo. cash flow once you can refi to 5.25%Â
- Cash flows at ~$313/mo. at today's rates of 6.375%
- Fully Renovated Including New Roofs on Both Dwellings!
- Single-family detached home with 3 bedrooms and 2 full bathrooms. 2nd Dwelling on the same lot is a 1 bedroom/1 bathroom detached bungalow.
- The bungalow is leased month-to-month for $1850
- Seller has been getting a lot of inquiries from displaced families looking for mid-term insurance rentals. This could be a fantastic opportunity!Â
- Location has quick access to major commuting routes, shopping, and schools
- Video link shows how this property stood up during the most recent hurricanes
- Highly appreciating area with a strong rental market
- Not in a Flood or Fire zone
- All renovations were permitted by the city and can be provided to the new owner
- Hard flooring throughout both units
- If the property is sold while the cottage is still rented out, the furnishings will be included in the sale. A detailed list of the included items can be provided upon request.
- No HOA charges
- Why New Port Richey?  VIDEO
- #cashflow #appreciation #Turnkey #multiplex  #hybrid
Why should you consider this house / what makes it a good investment?
- Built: 1950
- Size:1,761 square foot homes. Main house: 1,116  Bungalow: 649
- Low Crime, Desirable Community, C Rated Schools
What's next?
Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.
Metro:Â Tampa
Team: Tali  – email directly at tmp1@simplydoit.net
Code: Tampa2
| Property Specifications | 2 | Per Door |
| Â Bedrooms | 4 | main 3 beds |
| Â Bathrooms | 2 | 1.0 |
| Â Square Feet | 1761 | 1112 main |
| Â Year Built | 1950 | Reno 2024 |
| Â Garage Size | 1 | Main house |
| Â Schools Rating (scale 3-30, 30 is best) | 5 | Â |
| Lot size (sq ft) | 11,025 | Â |
| Purchase Assumptions | My Offer | Per Door |
| Offer used for analysis | $398,000 | $199,000 |
| Suggested offer (low) | $385,000 | $192,500 |
| Suggested offer (high) | $398,000 | $199,000 |
| Asking | $398,000 | $199,000 |
| Market Value (after improvements) | $398,000 | Â |
| Day-1 Equity | $0 | |
| Estimated Improvements (lower) | $2,000 | $1,000 |
| Estimated Improvements (upper) | $6,000 | $3,000 |
| Estimated Closing Costs | $7,960 | Â |
| Estimated Mortgage Costs | $5,572 | $2,786 |
| Other Fees At Closing (pts, . . . ) | $2,786 | 7% |
| Total Cost (estimated) | $418,318 | $2,786 |
| Financing Assumptions | Â | ||
| Â Down Payment (%) | Â | 30% | |
| Â Down Payment Amount | $119,400 | ||
| Â Financed Amount | $278,600 | ||
| Â Interest Rate | Â | 6.375% | |
| Â Mortgage Term (Years) | 30 | ||
| Â Monthly Mortgage Payment | $1,738 | ||
| Â Cash Outlay (Total Out of Pocket) | Â | $139,718 | |
| Estimated Financial Assumptions | Monthly | Yearly | ||
|
$3,150 | $3,300 | $39,600 | |
| Rent (lower)* | $3,000 | $36,000 | ||
| Â | Â | Â | Â | |
| Property Taxes | Â | $400 | $4,800 | |
| Insurance | Â | $175 | $2,100 | |
| Repairs | 75 | $150 | $1,800 | |
| Property Management Monthly (%) | 9.0% | Â | ||
| Property Management Monthly ($) | $284 | $3,402 | ||
| Leasing Fee | 85% | $111.6 | $1,339 | |
| HOA or Fixed Costs | $0 | $0 | ||
| Vacancy Rate | Â | 4.0% | Â | |
| Total Fixed Expenses | $1,235 | $14,817 | ||
| Total Expenses (Fixed + Mortgage) | $2,973 | $35,674 | ||
| Financial Analysis / Deal Attractiveness | Â | Â | Â | ||
| Years: | 5 | 10 | 15 | 20 | |
| Â Cap Rate | 2.7% | 4.3% | 6.1% | 8.1% | |
| Â Net Cash Flow | $18,791 | $60,067 | $127,712 | $226,256 | |
| Â Equity Increase | $104,406 | $234,296 | $396,264 | $598,733 | |
| Â Total Gain | $123,196 | $294,363 | $523,976 | $824,989 | |
| Â | Â | Â | Â | Â | Â |
| Â Average Cash Flow/Year | $3,758 | $6,007 | $8,514 | $11,313 | |
| Â Average Cash Flow/Month | $313 | $501 | $710 | $943 | |
| Â Average Gain/Year | $24,639 | $29,436 | $34,932 | $41,249 | |
| Â Average ROI | 88.2% | 210.7% | 375.0% | 590.5% | |
| Â Annual ROI | 17.6% | 21.1% | 25.0% | 29.5% | |
| Â Projected Property Value | $484,228 | $589,137 | $716,776 | $872,067 | |
| Property Ratings Suggestions | |||||
| Â Item | Â | Â | Â Suggested Criteria (Min.) | This Property | FAVORABLE / INSUFFICIENT |
| Â Schools (scale of 3-30, 30 is the best) | Â | 14 | 5 | INSUFFICIENT | |
| Â Square Feet | Â | Â | 1,000 | 1,761 | FAVORABLE |
| Â Bedrooms | Â | Â | 3 | 4 | FAVORABLE |
| Â Bathrooms | Â | Â | 2 | 2 | FAVORABLE |
| Â Year Built | Â | Â | 1970 | 1950 | INSUFFICIENT |
| Â Average Cash Flow (at year 5) | Â | Â | $125 | $313 | FAVORABLE |
| Â Average ROI (at year 5) | Â | Â | 15% | 17.6% | FAVORABLE |
Main House
 Bungalow
Disclaimer
Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.
The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.Â