4227 Rax Pl #4227New Pt RicheyFL34652
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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 4227 Rax Pl #4227, New Pt Richey, FL, 34652 uses $34,808 cash to close to unlock $1,405/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $814/mo, and a $514/mo payment keeps the spread at $117/mo. Purchase price stands at $105,000, and rental yield measures 9.3% with $814/mo rent. Return on cash invested shows 23.95% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 125.18% and total cumulative return in cash records $43,574. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $814/mo property income covering a $514/mo payment rather than investor’s personal income.
Condo
Built in 1971
18.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34652, New Port Richey, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,191 (100%) |
| Owner Occupied HU | 7,858 (55.4%) |
| Renter Occupied HU | 4,324 (30.5%) |
| Vacant Housing Units | 2,009 (14.2%) |
| Median Home Value | $233,847 |
| Average Home Value | $336,798 |
Housing Distribution
Address Breakdown
Residential
13,768
Single Family
11,985
Multi-Family
1,783
Businesses
1,153
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Listed by: Kevin Deeley • KELLER WILLIAMS REALTY- PALM H
Mls Name: Stellar MLS
Mls ID: #TB8417945