4808 Vesper Ct #34 · New Port Richey, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 5/10 · Moderate
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 28 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ 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).
- ARV discount +15.0/15.0
- Cash flow +10.1/30.0
- Schools +6.1/10.0
- 1% rule +5.5/10.0
- Livability +4.1/5.0
- Condition / age +4.0/5.0
- DSCR +2.5/10.0
- Rent growth +1.3/5.0
- Appreciation +0.0/10.0
$167,500
4808 Vesper Ct #34 · New Port Richey, FL 34655
2 bd · 2.0 ba · 1,105 sqft · Condo
· 212 Days on market
55+ age-restricted
Built 1987
Garage
$152/sqft
· 18% below area
Est $205k · 18% under
$690/mo HOA · 37% of rent
↓ 7% since listing
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
PRICE IMPROVEMENT! MOTIVATED SELLER! $5,000 IN SELLER CONCESSIONS! Welcome to this charming Carriage House condo in the highly desirable 55+ community of Heritage Lake! This spacious 2-bedroom, 2-bathroom home features a bright, open floor plan with soaring vaulted ceilings and abundant natural light. The kitchen boasts granite countertops and stainless steel appliances, while the primary suite offers an updated bathroom and walk-in closets. Major updates include a new roof (2024), 2.5-ton HVAC system. A security system provides added peace of mind. Enjoy resort-style living with a heated community pool, active clubhouse, tennis courts, and more!
Key facts
- Walk in closet
- Granite countertops
- Updated bathroom
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $168k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-383 ($-5k/yr) — negative.
- To cash-flow at today's rent, offer at most $112k (33.1% below list).
- Meets the 1% rule at list price ($2k rent vs $168k).
- Recommended offer: $112k (33.1% below list) — sets the bar for cash-flow.
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: Longleaf Elementary School (math 69% / reading 73%, grade A-, #320 of 2,144 statewide, top 15%, 639 students, 40% FRL); River Ridge Middle School (math 53% / reading 49%, grade C, #237 of 571 statewide, top 43%, 1,107 students, 48% FRL) — zoned schools at 44% FRL track the district average.
- Market conditions: Rents falling (-4.7%/yr); 921 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 90d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 212 days — a 12% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: HOA is 37% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$112,136
(33.1% below list)
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 212 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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.
- 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.
- 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
- 1.11% ✓
- Cap rate
- 3.55%
- Cash-on-cash
- -9.79%
- DSCR
- 0.56
- GRM
- 7.5
CMA / ARV
- ARV (median comp)
- $205,354
- List price
- $167,500
- Delta
- -18.43%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4866 Enfield Ct | 0.18mi | 2/2.0 | 1,105 (0%) | 1mo | $210,000 | $190 | 91 |
| 4903 Leyte Ct #67 | 0.10mi | 2/2.0 | 1,135 (+3%) | 0mo | $142,500 | $126 | 91 |
| 4812 S Sheffield Dr #5 | 0.06mi | 2/2.0 | 1,201 (+9%) | 1mo | $165,000 | $137 | 82 |
| 3647 Teeside Dr | 1.15mi | 2/2.0 | 1,148 (+4%) | 1mo | $175,000 | $152 | 58 |
| 3845 Erin Brook Dr | 1.40mi | 2/2.0 | 1,183 (+7%) | 2mo | $275,000 | $232 | 52 |
| 9221 Repondo Pl | 0.84mi | 2/2.0 | 972 (-12%) | 1mo | $165,000 | $170 | 44 |
| 4008 Passport Ln #104 | 1.06mi | 2/2.0 | 1,251 (+13%) | 1mo | $125,000 | $100 | 42 |
| 9234 Santa Monica Way | 0.82mi | 2/2.0 | 1,357 (+23%) | 0mo | $223,500 | $165 | 40 |
| 9247 Golf View Dr #9247 | 1.30mi | 2/2.0 | 1,322 (+20%) | 0mo | $220,000 | $166 | 40 |
| 9503 Calle Alta | 0.63mi | 3/2.0 (+1) | 1,364 (+23%) | 1mo | $340,000 | $249 | 39 |
| 8332 Fishhawk Ave | 1.43mi | 3/2.0 (+1) | 1,239 (+12%) | 2mo | $289,900 | $234 | 38 |
| 3800 Herlong St | 1.17mi | 3/2.5 (+1) | 1,280 (+16%) | 1mo | $310,000 | $242 | 32 |
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
- -39.8%
- Equity multiple
- -0.20×
- Total profit
- $-56,493
- Equity at exit
- $24,975
10-year hold
- IRR
- —
- Equity multiple
- -1.13×
- Total profit
- $-99,737
- Equity at exit
- $14,482
Cash invested: $46,900 (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.
Active competition Active MLS
- For sale now
- 2 active · 3 under contract
- Median asking
- $174,700 ($148/sqft)
- Median days on market
- 101 d
- This list price
- 50% of active listings are priced below it
- ARV vs active asking
- +25.9% above current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 34655
- Home prices YoY
- -22.9%
- Rents YoY
- -4.7%
- Active inventory
- 921
- Price-to-rent
- 7.5×
Monthly cashflow live
↻
- Estimated rent
- $1,854 high interval (Pro) →
- Mortgage (P&I)
- −$878
- Tax est. 1.5%
- −$209 /mo · $2,512/yr
- Insurance
- −$70
- HOA
- −$690
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$389
- Net cashflow
- $-383
Break-even live
Break-even rent
$2,339
Max offer price
$112,136
Occupancy floor
—
Sensitivity live
| Price | -10% $-267 | -5% $-325 | +0% $-383 | +5% $-440 | +10% $-498 |
|---|---|---|---|---|---|
| Rent | -10% $-529 | -5% $-456 | +0% $-383 | +5% $-309 | +10% $-236 |
| Rate | -1.0pp $-298 | -0.5pp $-340 | base $-383 | +0.5pp $-426 | +1.0pp $-470 |
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
- $41,875
- Closing costs
- $5,025
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4638 Sheffield Dr New Port Richey, FL | 2.0 | 2.0 | 1261 | $2,200 | $1.74 | 101d | 1 | 0.17mi |
| 9026 Severn Ln New Port Richey, FL | 2.0 | 2.0 | 1476 | $1,875 | $1.27 | 112d | 1 | 0.57mi |
| 9026 Severn Ln New Port Richey, FL | 2.0 | 2.0 | 1476 | $1,875 | $1.27 | 87d | 1 | 0.57mi |
| 4217 Prado Ln New Port Richey, FL | 2.0 | 2.0 | 1161 | $1,800 | $1.55 | 55d | 1 | 0.63mi |
| 5223 Hunters Ridge Dr New Port Richey, FL | 2.0 | 2.0 | 1231 | $2,000 | $1.62 | 121d | 5 | 0.67mi |
| 9400 Alta Sol Way New Port Richey, FL | 2.0 | 2.0 | 1177 | $1,749 | $1.49 | 123d | 1 | 0.68mi |
| 9221 Estrada Pl New Port Richey, FL | 2.0 | 2.0 | 1000 | $1,595 | $1.59 | 77d | 1 | 0.70mi |
| 4147 La Pasida Ln New Port Richey, FL | 2.0 | 2.0 | 1149 | $1,800 | $1.57 | 145d | 1 | 0.76mi |
| 4105 La Pasida Ln New Port Richey, FL | 2.0 | 2.0 | 972 | $1,750 | $1.80 | 165d | 1 | 0.82mi |
| 4105 La Pasida Ln New Port Richey, FL | 2.0 | 2.0 | 972 | $1,750 | $1.80 | 1d | 1 | 0.82mi |
| 4008 El Merita Ct New Port Richey, FL | 2.0 | 2.0 | 891 | $1,450 | $1.63 | 3d | 1 | 0.89mi |
| 4008 El Merita Ct Unit 1 New Port Richey, FL | 2.0 | 2.0 | 891 | $1,495 | $1.68 | 90d | 1 | 0.90mi |
| 4031 Vista Verde Dr New Port Richey, FL | 1.0–2.0 | 1.0–2.0 | 825 | $1,585 | $1.92 | 0d | 6 | 0.91mi |
| 3832 Teeside Dr Unit 4 New Port Richey, FL | 2.0 | 2.0 | 956 | $1,495 | $1.56 | 151d | 1 | 0.97mi |
| 3832 Teeside Dr Unit 1 New Port Richey, FL | 2.0 | 2.0 | 1034 | $1,495 | $1.45 | 145d | 1 | 0.97mi |
| 9609 Midiron Ct #1 New Port Richey, FL | 2.0 | 1.0 | 792 | $2,100 | $2.65 | 10d | 1 | 0.98mi |
| 9609 Midiron Ct #1 New Port Richey, FL | 2.0 | 1.0 | 858 | $2,200 | $2.56 | 99d | 1 | 0.98mi |
| 9609 Midiron Ct #1 New Port Richey, FL | 2.0 | 1.0 | 792 | $1,995 | $2.52 | 9d | 1 | 0.98mi |
| 3819 Teeside Dr New Port Richey, FL | 2.0 | 2.0 | 1034 | $1,400 | $1.35 | 31d | 1 | 0.99mi |
| 3819 Teeside Dr New Port Richey, FL | 2.0 | 2.0 | 956 | $1,400 | $1.46 | 53d | 1 | 0.99mi |
| 9110 Via Recreo New Port Richey, FL | 2.0 | 2.0 | 891 | $1,500 | $1.68 | 90d | 1 | 1.00mi |
| 3952 Elvira Ct New Port Richey, FL | 2.0 | 2.0 | 957 | $1,400 | $1.46 | 99d | 1 | 1.02mi |
| 3740 Teeside Dr New Port Richey, FL | 2.0 | 2.0 | 1148 | $1,600 | $1.39 | 10d | 1 | 1.08mi |
| 3683 Trophy Blvd New Port Richey, FL | 2.0 | 2.0 | 923 | $1,575 | $1.71 | 90d | 1 | 1.12mi |
| 3712 Trophy Blvd New Port Richey, FL | 2.0 | 2.0 | 923 | $1,225 | $1.33 | 1d | 1 | 1.12mi |
| 8930 Lazy River Loop New Port Richey, FL | 1.0–2.0 | 1.0–2.0 | 972 | $1,770 | $1.82 | 1d | 9 | 1.15mi |
| 3668 Trophy Blvd New Port Richey, FL | 2.0 | 2.0 | 923 | $2,100 | $2.28 | 77d | 1 | 1.18mi |
| 3668 Trophy Blvd Unit 1 New Port Richey, FL | 2.0 | 2.0 | 923 | $2,100 | $2.28 | 10d | 1 | 1.18mi |
| 3652 Trophy Blvd Unit 3652 New Port Richey, FL | 2.0 | 2.0 | 923 | $2,200 | $2.38 | 10d | 1 | 1.20mi |
| 8403 Yearling Ln New Port Richey, FL | 3.0 | 2.0 | 1277 | $2,035 | $1.59 | 125d | 1 | 1.24mi |
| 3554 Teeside Dr New Port Richey, FL | 2.0 | 2.0 | 1148 | $1,750 | $1.52 | 55d | 1 | 1.25mi |
| 4454 Whitetail Ln New Port Richey, FL | 2.0 | 1.0 | 768 | $1,725 | $2.25 | 131d | 1 | 1.26mi |
| 8563 Pilgrim Ct New Port Richey, FL | 2.0 | 1.5 | 1236 | $1,400 | $1.13 | 145d | 1 | 1.27mi |
| 8559 Pilgrim Ct New Port Richey, FL | 2.0 | 1.5 | 1236 | $1,350 | $1.09 | 10d | 1 | 1.28mi |
| 3516 Teeside Dr New Port Richey, FL | 2.0 | 2.0 | 1288 | $1,800 | $1.40 | 88d | 1 | 1.29mi |
| 9303 Golf View Dr Unit 1 New Port Richey, FL | 2.0 | 2.0 | 1004 | $2,500 | $2.49 | 77d | 1 | 1.31mi |
| 4212 Gray Squirrel Ln New Port Richey, FL | 2.0 | 2.0 | 1135 | $2,000 | $1.76 | 128d | 1 | 1.31mi |
| 4420 Sawgrass Blvd New Port Richey, FL | 3.0 | 2.0 | 1400 | $2,300 | $1.64 | 165d | 1 | 1.32mi |
| 4347 Otter Way New Port Richey, FL | 3.0 | 2.0 | 1344 | $1,640 | $1.22 | 90d | 1 | 1.41mi |
| 8135 Brown Pelican Ave New Port Richey, FL | 2.0 | 2.0 | 1089 | $2,000 | $1.84 | 145d | 1 | 1.49mi |
Property features AI
Finance
- Other
- Lease restrictions apply
- Financial info
- Total monthly fees $690 (total annual fees $8,280)Association approval requiredAssociation fees charged monthly
- HOA & community
- Has HOA (Qualified Property Management; Heritage Lake)Monthly association fee $74 (association fee includes cable TV, pool, escrow reserves fund, insurance, internet, structure maintenance, grounds maintenance, pest control, recreational facilities, trash)Monthly condo fee $616Buyer approval requiredClubhousePoolTennis courtsStreet lightsSenior communityCats allowed (size limit)
Exterior
- Parking
- DrivewayGarage door openerOversized garageAttached garage (1 garage space)
- Utilities
- Public waterPublic sewerCable connectedElectricity connectedWater connectedSewer connected
- Home design
- Residential condominiumOne storyFacing southwestPUD zoningLocated on first floor
- Construction
- Block and stucco constructionShingle roofSlab foundationBuilt as part of Heritage Lake
- Exterior features
- Side porchPrivate mailboxRain guttersSliding doorsCul-de-sac lotAsphalt road
Interior
- Kitchen
- DishwasherDisposalMicrowaveRangeRefrigerator
- Bedrooms
- 2 bedrooms
- Flooring
- Ceramic tileLaminate
- Bathrooms
- 2 full bathrooms
- Heating & cooling
- Central heatingCentral air conditioning
- Interior features
- Ceiling fansEat-in kitchenHigh ceilingsLiving room / dining room comboWalk-in closet(s)Window treatments
- Laundry & utility
- WasherDryerLaundry in garage
HOA detail $690/mo · $8,280/yr condo
- Likely covers
- poolsecurity
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-10-31days on market $167,500 Active 212 DOM
-
2026-10-30days on market $167,500 Active 211 DOM
-
2026-10-29days on market $167,500 Active 210 DOM
-
2026-10-28days on market $167,500 Active 209 DOM
-
2026-10-27days on market $167,500 Active 208 DOM
-
2026-10-26days on market $167,500 Active 207 DOM
-
2026-10-25days on market $167,500 Active 206 DOM
-
2026-10-24days on market $167,500 Active 205 DOM
-
2026-10-23days on market $167,500 Active 204 DOM
-
2026-10-22days on market $167,500 Active 203 DOM
-
2026-10-21days on market $167,500 Active 202 DOM
-
2026-10-20days on market $167,500 Active 201 DOM
-
2026-10-19days on market $167,500 Active 200 DOM
-
2026-10-18days on market $167,500 Active 199 DOM
-
2026-10-18remarks 699-char remark
-
2026-10-17days on market $167,500 Active 198 DOM
-
2026-10-16days on market $167,500 Active 197 DOM
-
2026-10-15days on market $167,500 Active 196 DOM
-
2026-10-14days on market $167,500 Active 195 DOM
-
2026-10-13days on market $167,500 Active 194 DOM
-
2026-10-13remarks 693-char remark
-
2026-10-12days on market $167,500 Active 193 DOM
-
2026-10-11days on market $167,500 Active 192 DOM
-
2026-10-10days on market $167,500 Active 191 DOM
-
2026-10-09days on market $167,500 Active 190 DOM
-
2026-10-08days on market $167,500 Active 189 DOM
-
2026-10-08days on market $167,500 Active 188 DOM
-
2026-10-06days on market $167,500 Active 187 DOM
-
2026-10-05days on market $167,500 Active 186 DOM
-
2026-10-05days on market $167,500 Active 185 DOM
-
2026-10-04days on market $167,500 Active 184 DOM
-
2026-10-02days on market $167,500 Active 183 DOM
-
2026-10-01days on market $167,500 Active 182 DOM
-
2026-09-30days on market $167,500 Active 181 DOM
-
2026-09-29days on market $167,500 Active 180 DOM
-
2026-09-28days on market $167,500 Active 179 DOM
-
2026-09-27days on market $167,500 Active 178 DOM
-
2026-09-25days on market $167,500 Active 176 DOM
-
2026-09-24days on market $167,500 Active 175 DOM
-
2026-09-23days on market $167,500 Active 174 DOM
-
2026-09-22days on market $167,500 Active 173 DOM
-
2026-09-21days on market $167,500 Active 172 DOM
-
2026-09-20days on market $167,500 Active 171 DOM
-
2026-09-19days on market $167,500 Active 170 DOM
-
2026-09-18days on market $167,500 Active 169 DOM
-
2026-09-16days on market $167,500 Active 167 DOM
-
2026-09-15days on market $167,500 Active 166 DOM
-
2026-09-13days on market $167,500 Active 164 DOM
-
2026-09-12days on market $167,500 Active 163 DOM
-
2026-09-11pricedays on market $167,500 Active 162 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 5/10 Major
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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
- $22,252
- − Mortgage interest
- −$9,383
- − Property taxes
- −$2,512
- − Insurance
- −$838
- − Repairs & maintenance
- −$1,780
- − Management
- −$1,780
- − HOA
- −$8,280
- − Depreciation
- −$4,873
- Taxable loss
- −$7,193
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$1,726
- After-tax cash flow
- $-2,865/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.
Condition & rehab AI · 13 photos
80/100
Cosmetic rehab
Est. rehab $5,525–$16,575 screening
This well-maintained 2-bedroom condo in Heritage Lake is in good condition with recent updates, including a new roof and HVAC system. It offers a good return on investment with potential for further value increases through exterior painting and landscaping.
Value-add opportunities
- Resale Painting the exterior — Enhances curb appeal and can increase the home's value. ↑
- Both Landscaping improvements — Improves curb appeal and can increase both resale and rental value. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
C
Composite school gradezoned avg 61/100
Zoned Schools
Elementary
Longleaf Elementary School
A-
FL #320/2,144
Nat'l #3,228/41,679
Middle
River Ridge Middle School
C
FL #237/571
Nat'l #3,276/14,009
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
A
Composite livability gradescore 82/100
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 · 570,045 people
- City population
- 137,708
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Population (ZIP)
- 49,964
- Household income
- $85,470
- Rent vs Own
- Severe rent burden
- 21% of renters
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 (83%)
- Race & ethnicity
- White 83% Hispanic / Latino 9% Two or more races 7% Asian 2% Black 2%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 2% Cuban 2%
- Languages at home
- 87% English-only · Spanish 6% Arabic 2% Other Indo-European 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
- ▼ -82.58%
- Current HPI
- 278.3649
- Rent YoY
- ▼ -4.70%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
-7.0% since first listed4 events — show timeline
- 2026-07-06 Price Changed $172,000 Stellar MLS as Distributed by MLS Grid
- 2026-05-06 Price Changed $176,000 Stellar MLS as Distributed by MLS Grid
- 2026-04-18 Price Changed $180,000 Stellar MLS as Distributed by MLS Grid
- 2026-04-02 Listed $185,000 Stellar MLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…