4740 Carrington CtNew Port RicheyFL34655
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow4740 Carrington Ct, New Port Richey, FL, 34655 in New Port Richey earns its strong cash-flow label: 11.74% yield, $2,318/mo rent, $746/mo net income, DSCR 2.17. The $237,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $65,479 by year five. Combined with $2,183/yr in principal paydown, total projected return reaches $138,305.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.0% |
| Monthly Cash Flow | $746 | $1,500 |
City averages based on New Port Richey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,318 |
| Total Monthly Debt Service | $1,478 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1988
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kasia Kacpura • DENNIS REALTY&INVESTMENTS CORP
Mls Name: Stellar MLS
Mls ID: #W7880148