4243 Chipmunk Dr · New Port Richey East, FL 34653

$250,000

3 bd · 2.0 ba · 1,516 sqft · SingleFamily public records · 6 Days on market

Built 1981 6,175 sqft lot Est $314k · 20% under

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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 +14.2/30.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Located in the desirable Park Lake Estates community of New Port Richey, this 3 Bedroom, 2 Bath, 2 Car Garage Home offers incredible potential at an attractive price point. Featuring a spacious layout and solid construction, this home has great bones and is ready for your personal touch. Enjoy a fully fenced backyard perfect for pets, entertaining, or creating your own private outdoor retreat. Inside, you’ll find a functional floor plan with generous living spaces and plenty of natural light throughout. While the home could benefit from some updating, it presents a fantastic opportunity for buyers looking to customize and add value. Whether you&

Key facts

• Solid construction
• Natural light
• Spacious layout

Tags

• FULLY FENCED BACKYARD
• SPACIOUS LAYOUT
• SOLID CONSTRUCTION
• GENEROUS LIVING SPACES
• NATURAL LIGHT

Property features AI

Exterior

• Home design: Built in 1981
• Exterior features: Located in the Park Lake Estates subdivision

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $40 ($481/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (21.4% below list).
• Recommended offer: $197k (21.4% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• At $1,965/mo this rent would consume 48% of the median local household income ($50k/yr) (locally 1439% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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 $150k; list at $250k implies a 67% 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 $196,516 (21.4% below list)

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. 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?
3. 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?
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: 0.79% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.69%
• DSCR: 1.03
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $313,812
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4235 Manxcat Ln	0.05mi	3/2.0	1,549 (+2%)	4mo	$305,000	$197	91
4237 Northampton Dr	0.22mi	3/2.0	1,555 (+3%)	2mo	$320,000	$206	84
4425 Black Fox Dr	0.29mi	3/2.0	1,549 (+2%)	1mo	$320,000	$207	82
4550 Murcross Ln	0.39mi	3/2.0	1,563 (+3%)	1mo	$399,000	$255	76
4205 Tall Oak Ln	0.47mi	3/2.0	1,488 (-2%)	2mo	$225,000	$151	73
4149 Cotton Tail Dr	0.19mi	2/2.0 (-1)	1,392 (-8%)	2mo	$270,000	$194	71
4550 Dumont St	0.68mi	3/2.0	1,543 (+2%)	3mo	$410,500	$266	63
4236 Riverwood Dr	0.40mi	2/2.0 (-1)	1,328 (-12%)	3mo	$305,000	$230	53
7923 Adelaide Loop	0.72mi	3/2.0	1,649 (+9%)	2mo	$305,000	$185	50
4644 Sawgrass Blvd	0.49mi	3/2.5	1,717 (+13%)	4mo	$305,000	$178	50
8804 Napa Loop	0.73mi	3/2.0	1,308 (-14%)	3mo	$355,000	$271	40
7644 Arlight Dr	0.74mi	2/2.0 (-1)	1,327 (-12%)	3mo	$279,000	$210	37

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: -18.3%
• Equity multiple: 0.37×
• Total profit: $-43,820
• Equity at exit: $37,276

10-year hold

• IRR: -16.9%
• Equity multiple: 0.18×
• Total profit: $-57,546
• Equity at exit: $21,615

Cash invested: $70,000 (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: 10.6×

Monthly cashflow live

• Estimated rent: $1,965 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$97 /mo · $1,167/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $40

Break-even live

Break-even rent $1,914

Max offer price $250,000

Occupancy floor 93%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4347 Otter Way New Port Richey, FL	3.0	2.0	1344	$1,715	$1.28	2d	1	0.15mi
8135 Brown Pelican Ave New Port Richey, FL	2.0	2.0	1089	$2,000	$1.84	5d	1	0.20mi
8107 Blue Finch Way New Port Richey, FL	3.0	2.0	1320	$1,975	$1.50	24d	1	0.25mi
4420 Sawgrass Blvd New Port Richey, FL	3.0	2.0	1400	$2,300	$1.64	24d	1	0.26mi
8559 Pilgrim Ct New Port Richey, FL	2.0	1.5	1236	$1,500	$1.21	20d	1	0.43mi
8563 Pilgrim Ct New Port Richey, FL	2.0	1.5	1236	$1,400	$1.13	5d	1	0.43mi
7911 Aden Loop New Port Richey, FL	3.0	2.0	1067	$1,785	$1.67	24d	1	0.54mi
4851 Mill Run Dr New Port Richey, FL	3.0	2.0	1456	$2,185	$1.50	15d	1	0.58mi
7733 Atherton Ave New Port Richey, FL	2.0	2.0	1291	$1,775	$1.37	17d	1	0.59mi
3707 Mexicali St New Port Richey, FL	3.0	2.0	1185	$1,925	$1.62	5d	1	0.65mi
7742 Arlight Dr New Port Richey, FL	3.0	2.0	1653	$1,995	$1.21	24d	1	0.68mi
8712 Cypress Lakes Blvd New Port Richey, FL	3.0	2.0	1729	$2,240	$1.30	15d	1	0.73mi
4331 Fiji Dr New Port Richey, FL	1.0–5.0	2.0–5.0	1343	$1,708	$1.27	3d	11	0.74mi
3602 Murrow St New Port Richey, FL	3.0	2.0	1283	$2,090	$1.63	5d	1	0.76mi
8248 Corner Pine Way New Port Richey, FL	3.0	2.5	1634	$2,200	$1.35	22d	1	0.84mi
8930 Lazy River Loop New Port Richey, FL	1.0–3.0	1.0–2.0	1018	$1,869	$1.84	2d	12	0.84mi
8403 Yearling Ln New Port Richey, FL	3.0	2.0	1277	$2,125	$1.66	11d	1	0.85mi
8504 Yearling Ln New Port Richey, FL	4.0	2.0	1649	$2,550	$1.55	18d	1	0.86mi
7441 Carmel Ave New Port Richey, FL	3.0	1.0	1238	$1,875	$1.51	3d	1	0.86mi
5101 Glenhurst Ln New Port Richey, FL	3.0	2.0	1419	$2,310	$1.63	5d	1	0.89mi
3455 Monte Rio St New Port Richey, FL	2.0	2.0	1291	$1,775	$1.37	18d	1	0.91mi
3406 Murrow St New Port Richey, FL	2.0	1.0	1262	$1,750	$1.39	2d	1	0.93mi
7543 Ivory Ter New Port Richey, FL	3.0	2.0	1653	$1,895	$1.15	24d	1	1.01mi
7704 Riverdale Dr New Port Richey, FL	3.0	2.0	1320	$1,916	$1.45	5d	1	1.01mi
7239 Belvedere Ter New Port Richey, FL	4.0	2.0	1200	$2,800	$2.33	18d	1	1.02mi
9026 Severn Ln New Port Richey, FL	2.0	2.0	1476	$1,800	$1.22	4d	1	1.04mi
4147 La Pasida Ln New Port Richey, FL	2.0	2.0	1149	$1,800	$1.57	5d	1	1.06mi
8239 Crescent Oaks Dr New Port Richey, FL	2.0	2.5	1513	$2,200	$1.45	22d	1	1.10mi
7220 Exemplar Dr New Port Richey, FL	4.0	2.0	1433	$2,085	$1.45	24d	1	1.13mi
8504 Shallow Creek Ct New Port Richey, FL	3.0	2.5	1686	$2,050	$1.22	24d	1	1.15mi
8335 Birch Haven Ln New Port Richey, FL	3.0	2.5	1634	$2,100	$1.29	18d	1	1.16mi
9400 Alta Sol Way New Port Richey, FL	2.0	2.0	1177	$1,949	$1.66	13d	1	1.26mi
5223 Hunters Ridge Dr New Port Richey, FL	1.0–2.0	1.0–2.0	1128	$2,235	$1.98	22d	5	1.34mi
3409 Vorden St New Port Richey, FL	2.0	1.0	1075	$1,600	$1.49	24d	1	1.36mi
3427 Dellefield St New Port Richey, FL	4.0	2.0	1529	$2,280	$1.49	20d	1	1.41mi
6807 Porter Rd Unit PGC C-5432-209 New Port Richey, FL	2.0	2.0	1100	$1,300	$1.18	18d	1	1.49mi
6807 Porter Rd Unit PCG G-101 New Port Richey, FL	3.0	1.5	1080	$1,375	$1.27	5d	1	1.49mi

Listing history 14 events

1. 2026-06-13
   remarks 693-char remark
2. 2026-06-13
   statusdays on market $250,000 Pending 6 DOM
3. 2026-06-09
   days on market $250,000 Active 3 DOM
4. 2026-06-08
   days on market $250,000 Active 2 DOM
5. 2026-06-07
   remarks 687-char remark
6. 2026-06-07
   days on marketlisting id $250,000 Active 1 DOM
7. 2026-06-04
   days on market $250,000 Active 23 DOM
8. 2026-06-03
   days on market $250,000 Active 22 DOM
9. 2026-06-02
   days on market $250,000 Active 21 DOM
10. 2026-06-01
    days on market $250,000 Active 20 DOM
11. 2026-05-31
    days on market $250,000 Active 19 DOM
12. 2026-05-12
    listed $250,000 Active
13. 2005-08-09
    soldstatus $150,000
14. 2005-08-03
    listed $150,000

ⓘ 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: $1,167 · $97/mo
• Projected year-2 tax: $2,075 · $173/mo
• Expected delta: +$908/yr (+$76/mo · 77.9%)

ⓘ 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 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,582
• − Mortgage interest: −$14,004
• − Property taxes: −$1,167
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$7,273
• Taxable loss: −$3,884
• Est. tax savings @ 24.0%: +$932
• After-tax cash flow: $1,413/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
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+66.7% since first listed

3 events — show timeline

• 2026-05-12 Listed $250,000 FSBO.com
• 2005-08-09 Sold (Public Records) $150,000 Public Records
• 2005-08-03 Listed $150,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.7%/yr

Latest (2025): $1,167 · +3.4% YoY. Source: county tax records.