5816 Congress St APT 102New 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 5816 Congress St APT 102, New Port Richey, FL, 34653 uses $42,929 cash to close to unlock $1,685/yr annual cash flow and $140/mo monthly cash flow. Total monthly income runs $1,000/mo, and a $634/mo payment keeps the spread at $140/mo. Purchase price stands at $129,500, and rental yield measures 9.27% with $1,000/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash records $53,474. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,000/mo property income covering a $634/mo payment rather than investor’s personal income.
Condo
Built in 2004
1.83 Acres 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: Matt Mayers • LIFES A BEACH REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8435439