6410 Spring Flower Dr UNIT 24New Port RicheyFL34653
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
Investment Highlights
Investment property for sale in New Port Richey at 6410 Spring Flower Dr UNIT 24, New Port Richey, FL, 34653 offers a 10.65% rental yield on a $189,000 purchase with $1,678/mo rent. Total monthly income registers $1,678/mo, and a $925/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,086/yr on $62,654 to close, and return on cash invested stands at 28.03% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 146.98% and total cumulative return in cash at $92,086. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,678/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ryan Kessell • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls ID: #TB8414898