6707 Celeste Ln · New Port Richey, FL 34653

$150,000

3 bd · 2.0 ba · 972 sqft · Manufactured public records · 93 Days on market

Built 1995 5,160 sqft lot Est $142k · 6% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.0/30.0
• DSCR +7.0/10.0
• 1% rule +5.7/10.0
• ARV discount +4.9/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

"REDUCED" Mobile home lot ready for another mobile home. Presently vacant lot. Has county water and electric on site, ready for your mobile. In the Town of New Port Richey. Every resonable offer seriously considered. "REDUCED"

Key facts

• Barn door feature
• New dimensional roof
• Double pane windows

Tags

• NEW DIMENSIONAL ROOF
• UPDATED KITCHEN
• FULLY RENOVATED BATHROOMS
• FRESH INTERIOR PAINT
• BARN DOOR FEATURE
• DOUBLE PANE WINDOWS

Property features AI

Finance

• Other: Zoning: MF2; Lot approximately 0.12 acres; Living area about 972 square feet; Unfurnished; No lease restrictions indicated

Exterior

• Utilities: Public sewer (connected); Public water listed as none; Electricity connected; Cable available; Broadband/high-speed internet available
• Home design: Manufactured double-wide home; Single-story; North-facing
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built on one level
• Exterior features: Rain gutters; Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Stone counters; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Stone counters; Walk-in closet(s); Window treatments; Double pane windows
• Laundry & utility: Indoor laundry room; Tankless water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $239 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 1.9% in New Port Richey — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#67 in FL, #1,139 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime C-, commute D, employment F.
• Pasco (suburban): math 50% / reading 52% proficiency, ranked #32 of 73 in FL (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Calusa Elementary School (math 26% / reading 27%, grade F, #2,009 of 2,144 statewide, top 94%, 473 students, 85% FRL); Chasco Middle School (math 32% / reading 31%, grade F, #453 of 571 statewide, top 81%, 688 students, 84% FRL) — zoned schools average 85% FRL vs 48% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 51% district-wide (-22 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.9%/yr); 306 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 39% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pasco County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y ago; this cycle's ask has dropped $50k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $9k; list at $150k implies a 1567% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.83%
• DSCR: 1.30
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $141,912
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6608 Celeste Ln	0.10mi	2/2.0 (-1)	888 (-9%)	13mo	$95,000	$107	65
6601 Kumquat Dr	0.57mi	2/2.0 (-1)	925 (-5%)	18mo	$135,000	$146	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-13,774
• Equity at exit: $22,365

10-year hold

• IRR: -4.4%
• Equity multiple: 0.75×
• Total profit: $-10,496
• Equity at exit: $12,969

Cash invested: $42,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34653

• Home prices YoY: -18.4%
• Rents YoY: -2.9%
• Active inventory: 306
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,604 high
• Mortgage (P&I): −$787
• Tax from tax record: −$179 /mo · $2,154/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $239

Break-even live

Break-even rent $1,302

Max offer price $150,000

Occupancy floor 80%

Sensitivity live

Price	-10% $324	-5% $281	+0% $239	+5% $196	+10% $154
Rent	-10% $112	-5% $176	+0% $239	+5% $302	+10% $366
Rate	-1.0pp $314	-0.5pp $277	base $239	+0.5pp $200	+1.0pp $160

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	0.13mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	0.13mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	25d	1	0.24mi
6338 Aberdeen Ave New Port Richey, FL	3.0	2.0	1000	$2,300	$2.30	18d	1	0.46mi
6300 Limerick Ave New Port Richey, FL	3.0	2.0	953	$1,650	$1.73	25d	1	0.50mi
6430 Lomand Ave New Port Richey, FL	2.0	1.5	952	$1,550	$1.63	25d	1	0.51mi
6324 Lomand Ave New Port Richey, FL	2.0	1.5	720	$1,375	$1.91	25d	1	0.57mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	25d	1	0.57mi
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	19d	1	0.58mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	25d	1	0.58mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	25d	1	0.82mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	22d	1	0.82mi
6120 Indiana Ave New Port Richey, FL	2.0	1.0	676	$1,299	$1.92	5d	1	0.88mi
7018 Washington St New Port Richey, FL	2.0	1.0	700	$1,200	$1.71	0d	1	0.93mi
6921 Washington St Unit 3Apt 3 Port Richey, FL	2.0	1.0	750	$1,269	$1.69	22d	1	1.02mi
7730 Washington St Port Richey, FL	2.0	1.0	840	$1,575	$1.88	16d	1	1.05mi
7730 Washington St Port Richey, FL	3.0	1.0	1040	$1,575	$1.51	25d	1	1.05mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,495	$1.66	22d	1	1.08mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,550	$1.72	14d	1	1.08mi
8356 Journet Blvd Port Richey, FL	1.0–2.0	1.0	843	$1,315	$1.56	25d	1	1.12mi
7731 Chapel Ave Port Richey, FL	2.0	1.0	828	$1,250	$1.51	25d	1	1.14mi
6332 Grand Blvd Port Richey, FL	2.0	2.0	894	$1,962	$2.20	0d	3	1.26mi
5848 Siesta Ln Port Richey, FL	2.0	1.0	800	$1,250	$1.56	14d	1	1.27mi
7124 Green St New Port Richey, FL	2.0	1.0	1000	$1,195	$1.20	3d	1	1.29mi
8540 Robilina Rd Port Richey, FL	1.0–2.0	1.0	722	$1,432	$1.98	4d	14	1.30mi
6931 Julia Ct New Port Richey, FL	1.0–2.0	1.0	800	$1,495	$1.87	4d	4	1.32mi
5822 Congress St #104 New Port Richey, FL	2.0	2.0	920	$1,650	$1.79	25d	1	1.32mi
7013 Green St New Port Richey, FL	3.0	2.0	1104	$1,500	$1.36	3d	1	1.34mi
8228 Chasco Woods Blvd Port Richey, FL	1.0–3.0	1.0–2.0	966	$1,760	$1.82	0d	22	1.34mi
5816 Congress St New Port Richey, FL	2.0	2.0	920	$1,400	$1.52	25d	1	1.34mi
5335 Palmetto Rd New Port Richey, FL	2.0	1.0	800	$1,475	$1.84	25d	1	1.36mi
5321 Avery Rd Unit 1 New Port Richey, FL	2.0	1.0	720	$1,150	$1.60	4d	1	1.37mi
6029 Wyoming Ave New Port Richey, FL	2.0	1.0	792	$1,850	$2.34	25d	1	1.37mi
5805 Delaware Ave New Port Richey, FL	2.0	1.0	700	$1,250	$1.79	25d	1	1.40mi
6322 Alaska Ave New Port Richey, FL	2.0	1.0	720	$1,500	$2.08	25d	1	1.40mi

Listing history 21 events

1. 2026-06-17
   status $150,000 Pending 93 DOM
2. 2026-06-16
   days on market $150,000 Active 93 DOM
3. 2026-06-15
   days on market $150,000 Active 92 DOM
4. 2026-06-13
   pricedays on market $150,000 Active 90 DOM
5. 2026-06-09
   days on market $159,900 Active 86 DOM
6. 2026-06-08
   days on market $159,900 Active 85 DOM
7. 2026-06-07
   days on market $159,900 Active 84 DOM
8. 2026-06-04
   days on market $159,900 Active 81 DOM
9. 2026-06-03
   days on market $159,900 Active 80 DOM
10. 2026-05-31
    days on market $159,900 Active 79 DOM
11. 2026-05-01
    status Active
12. 2026-04-21
    price $159,900
13. 2026-03-23
    price $179,900
14. 2026-03-10
    price $195,000
15. 2026-02-26
    listed $200,000 Active
16. 2024-11-06
    historical
17. 2024-09-12
    price $109,000
18. 2024-05-01
    listed $119,000 Active
19. 2009-09-04
    soldstatus $9,000
20. 2009-09-01
    soldstatus $9,000 246-char remark

    Show marketing remark (246 chars)

    "REDUCED" Mobile home lot ready for another mobile home. Presently vacant lot. Has county water and electric on site, ready for your mobile. In the Town of New Port Richey. Every resonable offer seriously considered. "REDUCED"

21. 2009-01-05
    listed $12,700 246-char remark

    Show marketing remark (246 chars)

    "REDUCED" Mobile home lot ready for another mobile home. Presently vacant lot. Has county water and electric on site, ready for your mobile. In the Town of New Port Richey. Every resonable offer seriously considered. "REDUCED"

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,154 · $179/mo
• Projected year-2 tax: $2,154 · $179/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,253
• − Mortgage interest: −$8,402
• − Property taxes: −$2,154
• − Insurance: −$750
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$4,364
• Taxable income: $503
• Est. tax owed @ 24.0%: −$121
• After-tax cash flow: $2,746/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pasco
• NCES district ID: 1201530
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 52% ▼ -5.00%
• Median HH income: $45,039
• Composite: 43.14/100
• National rank: #3074
• State rank: #32 of 73 in FL

Livability — New Port Richey

• Score: 82/100
• State rank: #67
• US rank: #1139

Category grades

Amenities A+ Commute D Cost of living A+ Crime C- Employment F Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Port Richey, FL
• County: Pasco County · 524,098 people
• City population: 137,708
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 35,945
• Household income: $49,563
• Rent vs Own: 34.6% rent · 65.4% own
• Severe rent burden: 1439.0

Population outlook (Pasco County) Hauer SSP2

• Today (2025): 570,045 people
• By 2030: 605,844 · +6.3%
• By 2040: 674,806 · +18.4%
• By 2050: 736,022 · +29.1%
• By 2075: 862,900 · +51.4%
• By 2100: 906,364 · +59.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 9% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 84% English-only · Spanish 9% Other Indo-European 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Pasco

• 2024 margin: Strong R (+25.2) · D 36.9% · R 62.1% · Other 1.0%
• 2008→2024 swing: -21.6pp toward R · 2008: -3.6pp · 2024: -25.2pp
• All cycles: 2024: R+25.2 2020: R+20.1 2016: R+21.6 2012: R+6.7 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.10%
• Current HPI: 324.6519
• Rent YoY: ▼ -2.92%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1159.1% since first listed

11 events — show timeline

• 2026-05-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $179,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-12 Price Changed $109,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-01 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2009-09-04 Sold (Public Records) $9,000 Public Records
• 2009-09-01 Sold (MLS) $9,000 Stellar MLS as Distributed by MLS Grid
• 2009-01-05 Listed $12,700 Stellar MLS as Distributed by MLS Grid

Property tax history

+25.8%/yr

Latest (2025): $2,154 · +1.7% YoY. Source: county tax records.