6975 Edgewater DrNew 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
Rental property for sale in New Port Richey at 6975 Edgewater Dr, New Port Richey, FL, 34652 offers $830/mo rent that, after a $534/mo payment, leaves $106/mo cash flow. Total monthly income is $830/mo, and annual cash flow is $1,274/yr on $36,134 cash. Return on cash invested measures 23.43% in year one, and rental yield stands at 9.14% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 122.44% and total cumulative return in cash reaches $44,242. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $830/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
2,800 sqft 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: Lissette Baradit • BARADIT PROFESSIONAL ASSOCIATION
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8405799
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