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4140 Passport Ln #101
C Composite 59.76
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 +22.9/30.0
  • 1% rule +10.0/10.0
  • ARV discount +7.5/15.0
  • DSCR +7.4/10.0
  • Schools +4.3/10.0
  • Livability +3.4/5.0
  • Condition / age +2.5/5.0
  • Rent growth +1.8/5.0
  • Appreciation +0.0/10.0

$118,000

4140 Passport Ln #101 · New Port Richey East, FL 34653
2 bd · 2.0 ba · 1,251 sqft · Condo public records · 121 Days on market
Built 1984 $450/mo HOA · 25% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

Key facts

  • Private storage unit
  • First floor
  • Corner unit

Tags

FIRST FLOORCORNER UNITPRIVATE STORAGE UNITBRIGHT DINING AND LIVING AREAWELL EQUIPPED EAT IN KITCHENBEAUTIFUL BACKYARD VIEW

Property features AI

Finance

  • Other: Senior community; Pets allowed (cats and dogs) with max pet weight around 25 lbs; Unfurnished unit; Living area about 1,251 square feet
  • Financial info: Total annual association fees $5,400; Lease restrictions apply
  • HOA & community: Monthly condo/association fee of $450; Association recreation owned; Clubhouse; Community mailbox; Deed restrictions; Pool; Sidewalks; Street lights; Buyer approval required; Association approval required; Association fee includes cable TV, common area taxes, pool, escrow reserves, insurance, internet, structural maintenance, grounds maintenance, management, pest control, sewer, trash and water

Exterior

  • Parking: Has carport; 1 carport space
  • Utilities: Public water; Public sewer; Electricity connected; Cable connected; High-speed internet available; Sewer connected; Water connected
  • Home design: Condominium; Residential property; One story; Faces southeast; First floor unit
  • Construction: Frame construction; Shingle roof; Slab foundation; Built as part of building number 4140
  • Exterior features: Lighting; Storage

Interior

  • Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Ice maker
  • Bedrooms: 2 bedrooms
  • Flooring: Carpet; Ceramic tile; Laminate
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Electric heating; Central air conditioning
  • Interior features: Eat-in kitchen; Open floor plan; Solid wood cabinets; Thermostat; Walk-in closet(s); Window treatments; Exhaust fan; Ice maker
  • Laundry & utility: Washer; Dryer; Laundry closet; Electric water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $118k.

Deal economics

  • At list price, monthly cash flow is $208 ($2k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $118k).
  • Recommended offer: $104k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.4% vs local median 4.3% in New Port Richey East — 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 68/100 on livability (#499 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, 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 leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
  • This rent runs 43% 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 $816 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 121 days — a 12% lower offer ($104k) is reasonable based on typical stale-listing flexibility.
  • 6 sale attempts since 13y 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 $91k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: HOA is 25% of rent.
  • 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 $103,840 (12.0% below list)

Questions for the listing agent

  1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  7. 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.
  8. 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.
  9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.50%
Cap rate
8.41%
Cash-on-cash
7.57%
DSCR
1.34
GRM
5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold
IRR
-9.3%
Equity multiple
0.67×
Total profit
$-10,775
Equity at exit
$17,594
10-year hold
IRR
-6.5%
Equity multiple
0.66×
Total profit
$-11,268
Equity at exit
$10,202

Cash invested: $33,040 (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.

ZIP-level market 34653

Home prices YoY
-18.4%
Rents YoY
-2.9%
Active inventory
305
Price-to-rent
5.6×

Monthly cashflow live

Estimated rent
$1,766 high interval (Pro) →
Mortgage (P&I)
$619
Tax from tax record
$69 /mo · $830/yr
Insurance
$49
HOA
$450
Vacancy / Maint / Mgmt
$371
Net cashflow
$208

Break-even live

Break-even rent $1,503
Max offer price $118,000
Occupancy floor 83%

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
$29,500
Closing costs
$3,540
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3952 Elvira Ct New Port Richey, FL 2.0 2.0 957 $1,450 $1.52 21d 1 0.25mi
4147 La Pasida Ln New Port Richey, FL 2.0 2.0 1149 $1,800 $1.57 4d 1 0.27mi
4031 Vista Verde Dr New Port Richey, FL 1.0–2.0 1.0–2.0 825 $1,669 $2.02 2d 6 0.27mi
4105 La Pasida Ln New Port Richey, FL 2.0 2.0 972 $1,750 $1.80 24d 1 0.28mi
8930 Lazy River Loop New Port Richey, FL 1.0–3.0 1.0–2.0 1018 $1,640 $1.61 1d 12 0.29mi
9110 Via Recreo New Port Richey, FL 2.0 2.0 891 $1,550 $1.74 4d 1 0.34mi
8563 Pilgrim Ct New Port Richey, FL 2.0 1.5 1236 $1,400 $1.13 4d 1 0.40mi
8559 Pilgrim Ct New Port Richey, FL 2.0 1.5 1236 $1,500 $1.21 20d 1 0.40mi
9400 Alta Sol Way New Port Richey, FL 2.0 2.0 1177 $1,949 $1.66 12d 1 0.46mi
8712 Cypress Lakes Blvd New Port Richey, FL 3.0 2.0 1729 $2,240 $1.30 14d 1 0.56mi
9026 Severn Ln New Port Richey, FL 2.0 2.0 1476 $1,800 $1.22 3d 1 0.60mi
4420 Sawgrass Blvd New Port Richey, FL 3.0 2.0 1400 $2,300 $1.64 24d 1 0.64mi
4347 Otter Way New Port Richey, FL 3.0 2.0 1344 $1,715 $1.28 1d 1 0.67mi
8248 Corner Pine Way New Port Richey, FL 3.0 2.5 1634 $2,200 $1.35 21d 1 0.77mi
3683 Trophy Blvd New Port Richey, FL 2.0 2.0 923 $1,650 $1.79 4d 1 0.78mi
9616 Midiron Ct New Port Richey, FL 2.0 2.0 956 $1,950 $2.04 4d 1 0.79mi
8135 Brown Pelican Ave New Port Richey, FL 2.0 2.0 1089 $2,000 $1.84 4d 1 0.82mi
3668 Trophy Blvd New Port Richey, FL 2.0 2.0 923 $2,000 $2.17 24d 1 0.86mi
8107 Blue Finch Way New Port Richey, FL 3.0 2.0 1320 $1,975 $1.50 24d 1 0.89mi
3832 Teeside Dr Unit 4 New Port Richey, FL 2.0 2.0 956 $1,495 $1.56 10d 1 0.89mi
3832 Teeside Dr Unit 1 New Port Richey, FL 2.0 2.0 1034 $1,495 $1.45 4d 1 0.89mi
7910 Hardwick Dr #713 New Port Richey, FL 2.0 1.0 925 $1,595 $1.72 4d 1 1.04mi
5223 Hunters Ridge Dr New Port Richey, FL 1.0–2.0 1.0–2.0 1128 $2,235 $1.98 21d 5 1.04mi
3554 Teeside Dr New Port Richey, FL 2.0 2.0 1148 $1,950 $1.70 24d 1 1.04mi
8403 Yearling Ln New Port Richey, FL 3.0 2.0 1277 $2,125 $1.66 10d 1 1.04mi
3516 Teeside Dr New Port Richey, FL 2.0 2.0 1148 $2,000 $1.74 1d 1 1.04mi
3944 Watson Dr New Port Richey, FL 3.0 2.0 1614 $2,600 $1.61 10d 1 1.06mi
7828 Hardwick Dr #927 New Port Richey, FL 2.0 2.0 1025 $1,650 $1.61 4d 1 1.10mi
7911 Aden Loop New Port Richey, FL 3.0 2.0 1067 $1,785 $1.67 24d 1 1.11mi
9635 Greenskeeper Dr New Port Richey, FL 2.0 2.0 1148 $1,900 $1.66 24d 1 1.18mi
3707 Mexicali St New Port Richey, FL 3.0 2.0 1185 $1,925 $1.62 4d 1 1.23mi
8335 Birch Haven Ln New Port Richey, FL 3.0 2.5 1634 $2,100 $1.29 17d 1 1.24mi
4851 Mill Run Dr New Port Richey, FL 3.0 2.0 1456 $2,185 $1.50 14d 1 1.24mi
7733 Atherton Ave New Port Richey, FL 2.0 2.0 1291 $1,775 $1.37 16d 1 1.25mi
8239 Crescent Oaks Dr New Port Richey, FL 2.0 2.5 1513 $2,200 $1.45 21d 1 1.25mi
8504 Shallow Creek Ct New Port Richey, FL 3.0 2.5 1686 $2,050 $1.22 24d 1 1.26mi
7742 Arlight Dr New Port Richey, FL 3.0 2.0 1653 $1,995 $1.21 24d 1 1.27mi
3602 Murrow St New Port Richey, FL 3.0 2.0 1283 $2,090 $1.63 4d 1 1.29mi
3406 Murrow St New Port Richey, FL 2.0 1.0 1262 $1,750 $1.39 1d 1 1.39mi
5101 Glenhurst Ln New Port Richey, FL 3.0 2.0 1419 $2,310 $1.63 4d 1 1.43mi

HOA detail condo

Monthly dues
$450 · $5,400/yr
Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 30 events

  1. 2026-06-18
    days on market $118,000 Active 121 DOM
  2. 2026-06-17
    days on market $118,000 Active 120 DOM
  3. 2026-06-16
    days on market $118,000 Active 119 DOM
  4. 2026-06-15
    days on market $118,000 Active 118 DOM
  5. 2026-06-13
    days on market $118,000 Active 116 DOM
  6. 2026-06-09
    days on market $118,000 Active 112 DOM
  7. 2026-06-08
    days on market $118,000 Active 111 DOM
  8. 2026-06-07
    days on market $118,000 Active 110 DOM
  9. 2026-06-04
    days on market $118,000 Active 107 DOM
  10. 2026-06-03
    days on market $118,000 Active 106 DOM
  11. 2026-06-02
    days on market $118,000 Active 105 DOM
  12. 2026-06-01
    days on market $118,000 Active 104 DOM
  13. 2026-05-31
    days on market $118,000 Active 103 DOM
  14. 2026-05-05
    price $118,000
  15. 2026-02-17
    listed $124,000 Active
  16. 2026-02-02
    historical $1,800
  17. 2025-12-29
    listed $1,800
  18. 2020-05-13
    soldstatus $90,600
  19. 2020-04-30
    soldstatus $87,900 Sold 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  20. 2020-03-02
    status Pending 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  21. 2020-01-30
    price $87,900 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  22. 2019-11-27
    status Active 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  23. 2019-10-21
    historical 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  24. 2019-09-08
    listed $94,900 Active 1285-char remark
    Show marketing remark (1285 chars)

    Price Decrease !!! This is the year you stay in Florida !!! . This rare ground floor corner unit in this desirable 55+ friendly community and is move in ready. It was upgraded less then 2 years ago with wonderful new kitchen cabinets, granite counter tops, and all new appliances to boot! Also a great little breakfast nook and bar in kitchen. With 2 full bathrooms with safety rails in both and newly updated modern vanities; As well as a split floor plan great for family or friends who will definitely want to visit your cozy new home. The living/dinning room combo has plenty of space for the formal dinning table with laminate wood flooring throughout. New gorgeous glass front storm door as well as a secondary entrance at the rear of the condo with patio. combined with large viewing windows in living room to let the natural Florida light in to brighten up the whole condo. This is the one of the largest models in the complex. Another wonderful addition is a clubhouse which is a fantastic way to spend your time meeting your neighbors and friends A crystal blue swimming pool perfect for those hot sunny days. Woodtrail Condos are close to many ammenities such as beaches, restaurants, great new shopping centers in the upcoming trinity area and quick trips to the airport

  25. 2019-09-07
    historical
  26. 2019-03-19
    listed $95,000 Active
  27. 2015-09-10
    soldstatus $36,500
  28. 2013-05-16
    soldstatus $30,000
  29. 2013-05-15
    soldstatus $30,000
  30. 2013-03-06
    listed $33,500

ⓘ 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
$830 · $69/mo
Projected year-2 tax
$979 · $82/mo
Expected delta
+$150/yr (+$12/mo · 18.1%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 3/10 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 · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$21,196
− Mortgage interest
−$6,610
− Property taxes
−$830
− Insurance
−$590
− Repairs & maintenance
−$1,696
− Management
−$1,696
− HOA
−$5,400
− Depreciation
−$3,433
Taxable income
$943
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$226
After-tax cash flow
$2,273/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 East

Score
68/100
State rank
#499
US rank
#9203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Pasco County · 524,098 people
City population
36,086
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

Price history

+252.2% since first listed
17 events — show timeline
  • 2026-05-05 Price Changed $118,000 Stellar MLS as Distributed by MLS Grid
  • 2026-02-17 Listed $124,000 Stellar MLS as Distributed by MLS Grid
  • 2026-02-02 Rental Removed $1,800 STELLARMLS
  • 2025-12-29 Listed for Rent $1,800 STELLARMLS
  • 2020-05-13 Sold (Public Records) $90,600 Public Records
  • 2020-04-30 Sold (MLS) $87,900 Stellar MLS as Distributed by MLS Grid
  • 2020-03-02 Pending Stellar MLS as Distributed by MLS Grid
  • 2020-01-30 Price Changed $87,900 Stellar MLS as Distributed by MLS Grid
  • 2019-11-27 Relisted Stellar MLS as Distributed by MLS Grid
  • 2019-10-21 Listing Removed Stellar MLS as Distributed by MLS Grid
  • 2019-09-08 Listed $94,900 Stellar MLS as Distributed by MLS Grid
  • 2019-09-07 Listing Removed Stellar MLS as Distributed by MLS Grid
  • 2019-03-19 Listed $95,000 Stellar MLS as Distributed by MLS Grid
  • 2015-09-10 Sold (Public Records) $36,500 Public Records
  • 2013-05-16 Sold (Public Records) $30,000 Public Records
  • 2013-05-15 Sold (MLS) $30,000 Stellar MLS as Distributed by MLS Grid
  • 2013-03-06 Listed $33,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.1%/yr

Latest (2025): $830 · +3.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…