6424 Spring Flower Dr UNIT 24New 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
Rental property for sale in New Port Richey at 6424 Spring Flower Dr UNIT 24, New Port Richey, FL, 34653 generates $1,287/mo in rent and, after a $783/mo payment, leaves $225/mo in cash flow. Total monthly income is $1,287/mo, and annual cash flow is $2,704/yr on $53,040 invested. Return on cash invested sits at 25.01% in year one, and rental yield is 9.65% on a $159,999 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 130.84% and total cumulative return in cash sums $69,397. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,287/mo property income rather than buyer’s personal income.
Condo
Built in 1987
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
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Listed by: Katrina L Stough • Tropic Shores Realty LLC
Mls Name: HCMLS
Mls ID: #2256580