4821 Myrtle Oak Dr UNIT 12New Port RicheyFL34653
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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 4821 Myrtle Oak Dr UNIT 12, New Port Richey, FL, 34653 uses $53,040 cash to close to unlock $5,956/yr annual cash flow and $496/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $783/mo payment keeps the spread at $496/mo. Purchase price stands at $160,000, and rental yield measures 11.68% with $1,558/mo rent. Return on cash invested shows 31.14% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 163.71% and total cumulative return in cash records $86,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1985
935 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34653, New Port Richey, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,934 (100%) |
| Owner Occupied HU | 9,809 (57.9%) |
| Renter Occupied HU | 5,413 (32.0%) |
| Vacant Housing Units | 1,712 (10.1%) |
| Median Home Value | $216,568 |
| Average Home Value | $252,989 |
Housing Distribution
Address Breakdown
Residential
16,049
Single Family
13,940
Multi-Family
2,109
Businesses
627
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Listed by: Michael Eddings • MARK SPAIN REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8463282