6704 Hickorywood Ln #2BNew Pt 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 Pt Richey at 6704 Hickorywood Ln #2B, New Pt Richey, FL, 34653 generates $1,211/mo in rent, after a $722/mo payment. Total monthly income is $1,211/mo. Return on cash invested sits at 16.87% in year one, and rental yield is 9.85% on a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 90.39% and total cumulative return in cash sums $44,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,211/mo property income rather than buyer’s personal income.
Condo
Built in 1985
2,349 sqft lot
$N/A/sqft
$356 monthly 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: Kirk Budd • KELLER WILLIAMS REALTY- PALM H
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8360281
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511