2607 Palesta Dr · Trinity, FL 34655

$5,000

4 bd · 2.0 ba · 1,709 sqft · SingleFamily public records · 10 Days on market

Built 2003 6,098 sqft lot

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4/2/2 1709 SqFt. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. LOW HOA dues, NO CDD fees, and NO FLOOD ZONE! Located in Trinity West a private Gated Community. Zoned for top rated schools, Trinity Oaks Elementary, Seven Springs middle, and Mitchell High. Property is occupied. New AC System Feb 2017

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Built 2003

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Other water source; Other sewer
• Home design: Single family residence; One level; Residential property
• Construction: Construction details: see remarks
• Exterior features: Front porch; Other roof

Interior

• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Other flooring

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$427,250) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 438.8% vs local median 2.9% in Trinity — 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 78/100 on livability (#156 in FL, #2,369 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D, amenities F, commute 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 falling (-4.7%/yr); 542 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 33% of the median local income ($85k/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 $35 of loan paydown is wiped out by about $150 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 $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 8→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

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. 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: 46.49% ✓
• Cap rate: 438.76%
• Cash-on-cash: 1544.52%
• DSCR: 69.72
• GRM: 0.2

CMA / ARV

• ARV (on-the-fly): $427,250
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2247 Ground Squirrel Dr	0.37mi	3/2.5 (-1)	1,778 (+4%)	3mo	$175,000	$98	67
2233 Egret Walk Ct	0.50mi	4/2.0	1,685 (-1%)	12mo	$455,000	$270	64
7435 Hideaway Trl	0.54mi	4/2.0	1,671 (-2%)	13mo	$440,000	$263	60
2211 Ground Squirrel Dr	0.43mi	3/2.0 (-1)	1,874 (+10%)	1mo	$430,000	$229	58
7806 Jenner Ave	0.55mi	3/2.0 (-1)	1,655 (-3%)	8mo	$299,900	$181	57
8377 Capstone Ranch Dr	0.59mi	3/2.0 (-1)	1,873 (+10%)	4mo	$485,000	$259	48
7451 Swan Lake Dr	0.60mi	3/2.0 (-1)	1,517 (-11%)	1mo	$380,000	$250	47
8460 Capstone Ranch Dr	0.61mi	3/2.0 (-1)	1,873 (+10%)	11mo	$489,900	$262	41
7737 Mitchell Ranch Rd	0.70mi	3/2.0 (-1)	1,494 (-13%)	0mo	$210,000	$141	41
7227 Otter Creek Dr	0.70mi	4/2.5	1,891 (+11%)	8mo	$480,000	$254	41
7320 Hideaway Trl	0.68mi	3/2.0 (-1)	1,940 (+14%)	2mo	$430,000	$222	39
3204 Payne St	0.60mi	3/2.0 (-1)	1,454 (-15%)	9mo	$315,000	$217	35

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: —
• Equity multiple: 77.56×
• Total profit: $107,178
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 154.52×
• Total profit: $214,923
• Equity at exit: $432

Cash invested: $1,400 (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 34655

• Home prices YoY: -22.9%
• Rents YoY: -4.7%
• Active inventory: 542
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,325 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $1,802

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 17%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2527 Stanhope Dr New Port Richey, FL	3.0	2.5	1915	$2,500	$1.31	11d	1	0.31mi
2421 Kokomo Way New Port Richey, FL	3.0	2.5	2124	$2,000	$0.94	24d	1	0.45mi
7101 Columns Cir New Port Richey, FL	1.0–3.0	1.0–2.0	1106	$1,824	$1.65	2d	22	0.69mi
8335 Birch Haven Ln New Port Richey, FL	3.0	2.5	1634	$2,100	$1.29	17d	1	0.71mi
7543 Ivory Ter New Port Richey, FL	3.0	2.0	1653	$1,895	$1.15	24d	1	0.87mi
3602 Murrow St New Port Richey, FL	3.0	2.0	1283	$2,090	$1.63	5d	1	0.99mi
7742 Arlight Dr New Port Richey, FL	3.0	2.0	1653	$1,995	$1.21	24d	1	1.09mi
3707 Mexicali St New Port Richey, FL	3.0	2.0	1185	$1,925	$1.62	5d	1	1.09mi
8248 Corner Pine Way New Port Richey, FL	3.0	2.5	1634	$2,200	$1.35	22d	1	1.16mi
7911 Aden Loop New Port Richey, FL	3.0	2.0	1067	$1,785	$1.67	24d	1	1.16mi
7220 Exemplar Dr New Port Richey, FL	4.0	2.0	1433	$2,085	$1.45	24d	1	1.17mi
7441 Carmel Ave New Port Richey, FL	3.0	1.0	1238	$1,875	$1.51	2d	1	1.18mi
3427 Dellefield St New Port Richey, FL	4.0	2.0	1529	$2,280	$1.49	20d	1	1.18mi
7239 Belvedere Ter New Port Richey, FL	4.0	2.0	1200	$2,800	$2.33	17d	1	1.30mi

Listing history 20 events

1. 2026-06-07
   days on market $5,000 Active 10 DOM
2. 2026-06-04
   days on market $5,000 Active 7 DOM
3. 2026-06-03
   days on market $5,000 Active 6 DOM
4. 2026-06-02
   days on market $5,000 Active 5 DOM
5. 2026-06-01
   days on market $5,000 Active 4 DOM
6. 2026-05-31
   days on market $5,000 Active 3 DOM
7. 2026-05-28
   listed $5,000 Active
8. 2022-04-05
   soldstatus $369,963
9. 2022-04-01
   soldstatus $369,963 Closed 530-char remark

   Show marketing remark (530 chars)

   4/2/2 1709 SqFt. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. LOW HOA dues, NO CDD fees, and NO FLOOD ZONE! Located in Trinity West a private Gated Community. Zoned for top rated schools, Trinity Oaks Elementary, Seven Springs middle, and Mitchell High. Property is occupied. New AC System Feb 2017

10. 2022-02-05
    status Pending 530-char remark

    Show marketing remark (530 chars)

    4/2/2 1709 SqFt. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. LOW HOA dues, NO CDD fees, and NO FLOOD ZONE! Located in Trinity West a private Gated Community. Zoned for top rated schools, Trinity Oaks Elementary, Seven Springs middle, and Mitchell High. Property is occupied. New AC System Feb 2017

11. 2022-02-01
    listed $369,963 Active 530-char remark

    Show marketing remark (530 chars)

    4/2/2 1709 SqFt. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. LOW HOA dues, NO CDD fees, and NO FLOOD ZONE! Located in Trinity West a private Gated Community. Zoned for top rated schools, Trinity Oaks Elementary, Seven Springs middle, and Mitchell High. Property is occupied. New AC System Feb 2017

12. 2021-04-30
    historical 366-char remark

    Show marketing remark (366 chars)

    4/2/2 Fresh Paint and Brand New Carpet. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Bisk Sink w/ matching appliances. Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. SEE VIRTUAL TOUR

13. 2018-03-10
    historical
14. 2018-02-22
    status Active
15. 2018-02-11
    historical
16. 2018-01-24
    price $234,432
17. 2018-01-10
    listed $239,932 Active
18. 2012-01-03
    listed $179,000 366-char remark

    Show marketing remark (366 chars)

    4/2/2 Fresh Paint and Brand New Carpet. Classic front Covered Porch. Fab Kitchen w/ 42' Cabinets, Bisk Sink w/ matching appliances. Great front Den/Study or 4th Bedroom w/ California built in Bookcase and Work Station. Master Suite w/ separate Garden Tub and Shower, His & Her sinks, Large Walk in Closet. Gated Community. Covered rear Lanai. SEE VIRTUAL TOUR

19. 2004-01-24
    listed $199,990
20. 2003-07-02
    soldstatus $215,400

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 8 d/yr ≥108°F today · 30 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: $27,896
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$2,232
• − Management: −$2,232
• − Depreciation: −$145
• Taxable income: $22,907
• Est. tax owed @ 24.0%: −$5,498
• After-tax cash flow: $16,126/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 — Trinity

• Score: 78/100
• State rank: #156
• US rank: #2369

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 49,964
• Household income: $85,470
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 1372.0

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 (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%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, Jamaica
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-97.7% since first listed

14 events — show timeline

• 2026-05-28 Listed $5,000 HAOR as distributed by MLS GRID
• 2022-04-05 Sold (Public Records) $369,963 Public Records
• 2022-04-01 Sold (MLS) $369,963 Stellar MLS as Distributed by MLS Grid
• 2022-02-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-01 Listed $369,963 Stellar MLS as Distributed by MLS Grid
• 2021-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-03-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-02-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-02-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-01-24 Price Changed $234,432 Stellar MLS as Distributed by MLS Grid
• 2018-01-10 Listed $239,932 Stellar MLS as Distributed by MLS Grid
• 2012-01-03 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 2004-01-24 Listed $199,990 Stellar MLS as Distributed by MLS Grid
• 2003-07-02 Sold (Public Records) $215,400 Public Records

Property tax history

+10.3%/yr

Latest (2025): $5,465 · -2.9% YoY. Source: county tax records.