6604 Tralee Ave · New Port Richey, FL 34653

$50,000

3 bd · 2.0 ba · 1,248 sqft · Manufactured public records · 3 Days on market

Built 1986 4,200 sqft lot ↓ 24% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Make appointment today! Spacious, affordable manufactured home on your own land! Priced below market for quick sale. Home features 3 bedrooms, 2 baths, split plan, eat-in kitchen with pull out pantry drawers, separate diningrom, 16 x25 livingroom with cathedral ceilings, fenced yard and more! Make your appointment today, this beauty will not last. Needs some TLC.

Key facts

• Close to restaurants
• Close to shopping
• 4,200 sq ft lot

Tags

• CLOSE TO RESTAURANTS
• CLOSE TO SHOPPING

Property features AI

Finance

• Other: Furnished; Property zoned RMH (manufactured home); Universal property ID available
• Financial info: Annual taxes listed (verify independently)
• HOA & community: No HOA/association; Cats and dogs allowed

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity available; Cable available
• Home design: Manufactured double-wide home; One story; Home faces north; Homestead exempt
• Construction: Frame construction with wood siding; Shingle roof; Crawlspace foundation
• Exterior features: Paved road access; Lot approximately 0.1 acre; Lot size in square meters: 390; No waterfront

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry area (other)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $50k.

Deal economics

• At list price, monthly cash flow is $992 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Cap rate 30.1% vs local median 2.0% 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.
• Market conditions: Rents soft (-2.9%/yr); 305 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 41% 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 $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $40k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $50,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 3.42% ✓
• Cap rate: 30.10%
• Cash-on-cash: 85.04%
• DSCR: 4.78
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $131,040
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7546 Kerry St	0.08mi	2/2.0 (-1)	1,344 (+8%)	10mo	$62,500	$47	70
7551 Kerry St	0.07mi	3/2.0	1,128 (-10%)	18mo	$118,000	$105	66

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: 82.0%
• Equity multiple: 4.58×
• Total profit: $50,107
• Equity at exit: $7,455

10-year hold

• IRR: 84.6%
• Equity multiple: 8.55×
• Total profit: $105,765
• Equity at exit: $4,323

Cash invested: $14,000 (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: 305
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,710 high
• Mortgage (P&I): −$262
• Tax from tax record: −$76 /mo · $910/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $992

Break-even live

Break-even rent $454

Max offer price $50,000

Occupancy floor 37%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6338 Aberdeen Ave New Port Richey, FL	3.0	2.0	1000	$2,300	$2.30	16d	1	0.24mi
6430 Lomand Ave New Port Richey, FL	2.0	1.5	952	$1,550	$1.63	24d	1	0.27mi
6300 Limerick Ave New Port Richey, FL	3.0	2.0	953	$1,650	$1.73	24d	1	0.30mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	0.33mi
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	0.33mi
6324 Lomand Ave New Port Richey, FL	2.0	1.5	720	$1,375	$1.91	24d	1	0.34mi
7713 Heather St New Port Richey, FL	3.0	2.0	1344	$1,800	$1.34	24d	1	0.39mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	24d	1	0.42mi
7039 Lenox Dr New Port Richey, FL	3.0	2.0	1300	$1,795	$1.38	12d	1	0.52mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	24d	1	0.62mi
6447 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	24d	1	0.70mi
6405 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	24d	1	0.72mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	24d	1	0.75mi
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	18d	1	0.81mi
7630 Tortuga Bay Blvd Port Richey, FL	3.0	2.0	1180	$1,825	$1.55	12d	17	0.82mi
7616 Washington St Port Richey, FL	3.0	2.0	1180	$1,970	$1.67	24d	1	0.82mi
7730 Washington St Port Richey, FL	3.0	1.0	1040	$1,575	$1.51	24d	1	0.86mi
7730 Washington St Port Richey, FL	2.0	1.0	840	$1,575	$1.88	15d	1	0.86mi
7309 Washington St New Port Richey, FL	2.0	1.0	1311	$1,600	$1.22	2d	1	0.87mi
7731 Chapel Ave Port Richey, FL	2.0	1.0	828	$1,250	$1.51	24d	1	0.95mi
8356 Journet Blvd Port Richey, FL	1.0–2.0	1.0	843	$1,315	$1.56	24d	1	0.96mi
6430 Polk St New Port Richey, FL	3.0	2.0	1270	$1,800	$1.42	22d	1	0.98mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	24d	1	0.98mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	20d	1	0.98mi
6921 Washington St Unit 3Apt 3 Port Richey, FL	2.0	1.0	750	$1,269	$1.69	20d	1	1.01mi
5848 Siesta Ln Port Richey, FL	2.0	1.0	800	$1,250	$1.56	12d	1	1.03mi
8540 Robilina Rd Port Richey, FL	1.0–2.0	1.0	722	$1,432	$1.98	3d	14	1.09mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,550	$1.72	12d	1	1.12mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,495	$1.66	20d	1	1.12mi
7124 Green St New Port Richey, FL	2.0	1.0	1000	$1,195	$1.20	2d	1	1.21mi
8128 Papaya St Port Richey, FL	2.0	2.5	1364	$1,850	$1.36	5d	1	1.21mi
8134 Papaya St Port Richey, FL	2.0	2.5	1364	$1,800	$1.32	10d	1	1.22mi
8712 Roble Way Port Richey, FL	3.0	2.0	1134	$1,841	$1.62	24d	1	1.22mi
5701 Berlin Dr Port Richey, FL	3.0	2.0	1364	$1,745	$1.28	24d	1	1.22mi
5712 Bay Blvd Port Richey, FL	3.0	2.0	1216	$1,900	$1.56	24d	1	1.26mi
5706 Bay Blvd Port Richey, FL	3.0	2.0	1426	$1,950	$1.37	12d	1	1.27mi
5321 Avery Rd Unit 1 New Port Richey, FL	2.0	1.0	720	$1,150	$1.60	3d	1	1.27mi
6931 Julia Ct New Port Richey, FL	1.0–2.0	1.0	800	$1,495	$1.87	2d	4	1.27mi
7013 Green St New Port Richey, FL	3.0	2.0	1104	$1,500	$1.36	2d	1	1.28mi
8228 Chasco Woods Blvd Port Richey, FL	1.0–3.0	1.0–2.0	966	$1,760	$1.82	2d	22	1.29mi

Listing history 2 events

1. 2026-06-01
   days on market $50,000 Active 3 DOM
2. 2026-05-31
   days on market $50,000 Active 2 DOM

ⓘ 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: $910 · $76/mo
• Projected year-2 tax: $910 · $76/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 4/10 Moderate
• 🌡 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: $20,520
• − Mortgage interest: −$2,801
• − Property taxes: −$910
• − Insurance: −$250
• − Repairs & maintenance: −$1,642
• − Management: −$1,642
• − Depreciation: −$1,455
• Taxable income: $11,822
• Est. tax owed @ 24.0%: −$2,837
• After-tax cash flow: $9,068/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

• 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

-24.1% since first listed

10 events — show timeline

• 2026-05-29 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2012-09-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-05-08 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2007-10-12 Sold (Public Records) $40,000 Public Records
• 2007-10-09 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-05 Sold (Public Records) $44,734 Public Records
• 2007-04-09 Listed $56,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-27 Sold (Public Records) $64,000 Public Records
• 2006-01-17 Sold (MLS) $64,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-12 Listed $65,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.3%/yr

Latest (2025): $910 · +7.9% YoY. Source: county tax records.