4939 Floramar Ter APT 605New Port 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 Port Richey at 4939 Floramar Ter APT 605, New Port Richey, FL, 34652 uses $56,322 cash to close to unlock $1,873/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $1,284/mo, and a $832/mo payment keeps the spread at $156/mo. Purchase price stands at $169,900, and rental yield measures 9.07% with $1,284/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 121.34% and total cumulative return in cash records $68,342. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,284/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1975
0.59 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: Kathy Masters • SYNERGISTIC REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #TB8428003