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Rank #1CondoCash Flow: $1,582/mo

3 bed / 2 bath · New Port Richey

New Port Richey, FL 34652 · Address on request · Wesley Chapel

Located in New Port Richey, this 3-bed, 2-bath condo offers ~1,500 sq ft of move-in ready living at SeaView Place. Enjoy ultimate peace of mind with a brand-new AC system and new hot water heater already installed. The property is in pristine, turnkey condition with all updates fully completed. Perfect for buyers or investors looking to implement their own occupancy strategy and capture immediate potential

Imputed from peer data: HOA est.

Ask
$229,900
Offer
$227,300
Rent
$2,228/mo
Cash flow
$1,582/mo
After debt (50% dn)
$826/mo
Mortgage (50% dn)
$756/mo
Tax
$404/mo
HOA
$50/mo
Insurance
$192/mo
Beds / baths
3 / 2
Sqft
1,500
Year built
2008
Lot
1,686 sqft

Money Models

Summary of the various models

These numbers use a simple setup: you put half the price down and keep the property for 10 years. Each card is a different guess about how fast prices rise.

Cash left each month (half down)

$826/mo

Rent minus taxes, HOA, insurance, and the mortgage. That’s about 8.7% a year on the money you put in.

If you pay all cash

$1,582/mo

No mortgage payment. About 8.4% a year on the full purchase price.

Like the last 10 years

Uses how fast this type of property grew in Tampa over the past 10 years.

Worth in 10 years
$440,032
Rent leftovers stacked
$99,106
Rent + price growth
$327,962

Slow growth

Assumes prices go up slowly. Safer / more careful guess.

Worth in 10 years
$251,081
Rent leftovers stacked
$99,106
Rent + price growth
$139,011

Normal growth

A middle-of-the-road guess for the next several years.

Worth in 10 years
$305,472
Rent leftovers stacked
$99,106
Rent + price growth
$193,402

Fast growth

Assumes a strong market. Good case, not a promise.

Worth in 10 years
$388,261
Rent leftovers stacked
$99,106
Rent + price growth
$276,192

The sections below let you move the down payment and the years if you want. You already have the picture if you stop here.

Model 1

Cash-on-cash (your yearly paycheck %)

What is this in plain English?

Imagine you put some money down to buy the house. Every month, tenants pay rent. After you pay taxes, HOA, insurance, and the mortgage, whatever cash is left is your “paycheck” from the property.

Cash-on-cash answers: “If I put in $X, what % of that do I get back each year in leftover cash?” Example: put in $100,000 and get $8,000/year left over → 8% cash-on-cash.

Move the slider to change how much you put down (1% = mostly borrowed, 100% = you pay all cash and have no mortgage payment).

If you pay all cash

8.4%

You keep about $1,582/mo every month after bills

With this down payment

8.7%

50% down = $113,650 of your money

Cash left each month

$826/mo

After also paying the $756/mo mortgage

50% · $113,650 · bank loan $113,650
1% down50%100% all cash
Open mortgage calculator with these numbers →

Model 2

Price growth (will the property be worth more?)

What is this in plain English?

Houses (and land) often cost more years later than they do today. That rise in price is called appreciation.

This model guesses: “If prices grow like ___, what is this property worth after 1 to 15 years?” It also tracks how much of the loan you’ve paid off, so you can see your equity (value minus what’s still owed to the bank).

Pick a growth speed below, then slide how many years you plan to hold. These are scenarios — not guarantees.

Modeled at ~72% of Tampa SFH HPI YoY (condos typically lag detached in this cycle). Forward rates discounted vs SFH.

Last 1 year avg growth

-0.6% / yr

Last 5 years avg growth

7.5% / yr

Last 10 years avg growth

6.8% / yr

A middle-of-the-road guess for the next several years. Using 3.0% growth per year.

10 years
1 yr8 yr15 yr

Estimated value then

$305,472

Your equity

$207,946

Still owe bank $97,526

Profit vs cash you put in

$193,402

Includes rent leftover + price growth

Avg return per year

10.4%

2.70× your cash back

Recent yearly price changes · Condo

16
17
18
19
20
21
22
23
24
25

Model 3

Total return (rent + price growth together)

What is this in plain English?

Real estate can pay you in two ways at the same time:

  1. Rent leftovers (like a dividend) — cash you collect each year after bills and the mortgage.
  2. Price growth — the property becoming worth more than what you still owe, so your equity grows.

This model adds both over the years you chose above. That combined number is your estimated total return. Uses the same down payment and growth scenario from Models 1 and 2.

From rent (dividends)

$99,106

10 years of leftover cash stacked up

From price growth

$94,296

Equity today minus the cash you put in

Total return

$193,402

On $113,650 cash in · 10.4%/yr avg

Where the money comes from (year 10)

Rent leftoversPrice growth
YearRent stackedEquity gainTotal returnAvg / yr
1$9,911$7,973$17,88415.7%
2$19,821$16,235$36,05614.8%
3$29,732$24,797$54,52814.0%
4$39,642$33,671$73,31413.3%
5$49,553$42,872$92,42512.6%
6$59,464$52,414$111,87812.1%
7$69,374$62,311$131,68611.6%
8$79,285$72,580$151,86411.2%
9$89,195$83,235$172,43110.8%
10$99,106$94,296$193,40210.4%
11$109,017$105,781$214,79710.1%
12$118,927$117,708$236,6359.8%
13$128,838$130,097$258,9359.6%
14$138,748$142,972$281,7209.3%
15$148,659$156,354$305,0139.1%

Tip: change the down-payment slider in Model 1 and the years / growth buttons in Model 2 — this total-return table updates automatically.

Wesley Chapel · Greater Tampa

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DISCLAIMERS

Figures (taxes, HOA, insurance, rent, cash flow, offer, mortgage, and model outputs) are estimates from public data and automated models — not guarantees of value, income, or returns. Full disclaimers

Licensed solicitation by Sam Kasimalla, FL Real Estate Agent, LPT Realty LLC · Equal Housing Opportunity · Read full disclaimers · Privacy policy