3818 River Oaks Ct #BNew Pt 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 Pt Richey at 3818 River Oaks Ct #B, New Pt Richey, FL, 34655 uses $70,941 cash to close to unlock $7,947/yr annual cash flow and $662/mo monthly cash flow. Total monthly income runs $2,082/mo, and a $1,047/mo payment keeps the spread at $662/mo. Purchase price stands at $214,000, and rental yield measures 11.67% with $2,082/mo rent. Return on cash invested shows 31.11% in year one, and 5% annual appreciation builds toward $59,124 over five years. Five-year ROI reaches 163.54% and total cumulative return in cash records $116,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,082/mo property income covering a $1,047/mo payment rather than investor’s personal income.
Condo
Built in 1985
506.14 Acres 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: Brooke Boyette • KELLER WILLIAMS TAMPA PROP.
Mls Name: Stellar MLS
Mls ID: #TB8457224