3701 Modesto StNew Port RicheyFL34655
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New Port Richey at 3701 Modesto St, New Port Richey, FL, 34655 offers a 8.86% rental yield on a $225,000 purchase with $1,662/mo rent. Total monthly income registers $1,662/mo, and a $1,101/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,029/yr on $74,588 to close, and return on cash invested stands at 22.63% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 118.07% and total cumulative return in cash at $88,065. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,662/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
775 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34655, New Port Richey, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,209 (100%) |
| Owner Occupied HU | 15,847 (74.7%) |
| Renter Occupied HU | 4,151 (19.6%) |
| Vacant Housing Units | 1,211 ( 5.7%) |
| Median Home Value | $422,847 |
| Average Home Value | $471,502 |
Housing Distribution
Address Breakdown
Residential
21,148
Single Family
17,866
Multi-Family
3,282
Businesses
720
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Listed by: Maria Pasotti • AGILE GROUP REALTY
Mls Name: Stellar MLS
Mls ID: #TB8454987