6631 Silverbell Dr · New Port Richey East, FL 34653

$147,900

3 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 60 Days on market

Built 1974 4,125 sqft lot Est $154k · at est. $7/mo HOA

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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 +24.4/30.0
• ARV discount +9.3/15.0
• DSCR +7.9/10.0
• 1% rule +6.0/10.0
• 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

Listing remarks MLS

Discover your dream retirement retreat! This charming double-wide mobile home, nestled in a peaceful 55+ community, effortlessly blends comfort and convenience. Featuring 2 spacious bedrooms, 2 bathrooms, and a covered carport, this home offers plenty of room to unwind or entertain. It comes with the added bonus of some furnishings, along with two storage sheds for extra space. What truly sets this property apart is the rare advantage of land ownership, giving you the freedom to customize your personal oasis. With low HOA fees, you’ll also enjoy a host of community amenities that make everyday living a breeze. Located just minutes from downtown New Port Richey, you’ll have easy access to fantastic dining, shopping, and entertainment. Experience the best of senior living in this delightful mobile home. Don’t miss your chance—schedule a tour today and start living the life you’ve been dreaming of!

Key facts

• Move in ready
• Screened in lanai
• 4,125 sq ft lot

Tags

• MOVE IN READY
• TANKLESS WATER HEATER
• SCREENED IN LANAI
• FULLY FENCED BACKYARD
• EASY ACCESS TO LOCAL DINING
• EASY ACCESS TO SHOPPING

Property features AI

Finance

• Financial info: No lease restrictions indicated
• HOA & community: Francis Reed association (optional dues); HOA dues approximately $90 annually ($7.50/month); Community clubhouse; Pets allowed (cats and dogs)

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Utilities: Public water; Septic tank; Cable available; High-speed internet available; Electricity connected; Water connected
• Home design: Residential mobile home (double wide); One story; Faces east
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built as double wide
• Exterior features: Covered, enclosed, screened patio; Patio; Dog run / kennel; Private mailbox; Rain gutters; Storage shed(s); Workshop; Vinyl fencing

Interior

• Kitchen: Dishwasher; Disposal; Refrigerator; Exhaust fan; Electric water heater; Tankless water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup inside; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $148k.

Deal economics

• At list price, monthly cash flow is $300 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $143k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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); 306 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 39% 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 $1k 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 60 days — a 3% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $11k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,463 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 8.73%
• Cash-on-cash: 8.70%
• DSCR: 1.39
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $154,176
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6601 Kumquat Dr	0.04mi	2/2.0 (-1)	925 (-12%)	18mo	$135,000	$146	57

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: -6.5%
• Equity multiple: 0.77×
• Total profit: $-9,603
• Equity at exit: $22,052

10-year hold

• IRR: -0.9%
• Equity multiple: 0.95×
• Total profit: $-2,130
• Equity at exit: $12,788

Cash invested: $41,412 (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: 306
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,624 high
• Mortgage (P&I): −$776
• Tax from tax record: −$138 /mo · $1,660/yr
• Insurance: −$62
• HOA: −$7
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $300

Break-even live

Break-even rent $1,244

Max offer price $147,900

Occupancy floor 77%

Sensitivity live

Price	-10% $384	-5% $342	+0% $300	+5% $258	+10% $217
Rent	-10% $172	-5% $236	+0% $300	+5% $364	+10% $429
Rate	-1.0pp $375	-0.5pp $338	base $300	+0.5pp $262	+1.0pp $223

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: $36,975
• Closing costs: $4,437
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	19d	1	0.14mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	25d	1	0.18mi
6447 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	25d	1	0.21mi
6430 Polk St New Port Richey, FL	3.0	2.0	1270	$1,800	$1.42	23d	1	0.25mi
6405 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	25d	1	0.26mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	21d	1	0.31mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	25d	1	0.31mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	25d	1	0.41mi
7039 Lenox Dr New Port Richey, FL	3.0	2.0	1300	$1,795	$1.38	14d	1	0.47mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	0.50mi
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	0.50mi
5822 Congress St #104 New Port Richey, FL	2.0	2.0	920	$1,650	$1.79	25d	1	0.70mi
5816 Congress St New Port Richey, FL	2.0	2.0	920	$1,400	$1.52	25d	1	0.72mi
6322 Alaska Ave New Port Richey, FL	2.0	1.0	720	$1,500	$2.08	25d	1	0.79mi
6029 Wyoming Ave New Port Richey, FL	2.0	1.0	792	$1,850	$2.34	25d	1	0.83mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,550	$1.72	14d	1	0.83mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,495	$1.66	21d	1	0.83mi
6332 Grand Blvd Port Richey, FL	2.0	2.0	894	$1,962	$2.20	0d	3	0.91mi
7018 Washington St New Port Richey, FL	2.0	1.0	700	$1,200	$1.71	0d	1	0.91mi
5805 Delaware Ave New Port Richey, FL	2.0	1.0	700	$1,250	$1.79	25d	1	0.94mi
6921 Washington St Unit 3Apt 3 Port Richey, FL	2.0	1.0	750	$1,269	$1.69	21d	1	0.94mi
6300 Limerick Ave New Port Richey, FL	3.0	2.0	953	$1,650	$1.73	25d	1	0.96mi
6338 Aberdeen Ave New Port Richey, FL	3.0	2.0	1000	$2,300	$2.30	18d	1	0.98mi
6430 Lomand Ave New Port Richey, FL	2.0	1.5	952	$1,550	$1.63	25d	1	1.08mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	25d	1	1.08mi
6324 Lomand Ave New Port Richey, FL	2.0	1.5	720	$1,375	$1.91	25d	1	1.10mi
7309 Washington St New Port Richey, FL	2.0	1.0	1311	$1,600	$1.22	3d	1	1.11mi
7713 Heather St New Port Richey, FL	3.0	2.0	1344	$1,800	$1.34	25d	1	1.12mi
5640 Ferguson Ct #2101 New Port Richey, FL	2.0	2.0	1056	$1,650	$1.56	25d	1	1.17mi
5809 Dailey Ln New Port Richey, FL	2.0	1.0	950	$1,000	$1.05	25d	1	1.17mi
5551 Executive Dr New Port Richey, FL	2.0	2.0	1100	$1,459	$1.33	25d	1	1.20mi
5500 Main St New Port Richey, FL	2.0	2.0	1231	$1,733	$1.41	4d	6	1.20mi
5543 Executive Dr Unit B4 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	25d	1	1.22mi
5521 Executive Dr Unit D1 New Port Richey, FL	2.0	2.0	1000	$1,379	$1.38	25d	1	1.25mi
6931 Julia Ct New Port Richey, FL	1.0–2.0	1.0	800	$1,495	$1.87	4d	4	1.26mi
5511 Executive Dr Apt E1 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	25d	1	1.26mi
7616 Washington St Port Richey, FL	3.0	2.0	1180	$1,970	$1.67	25d	1	1.26mi
7630 Tortuga Bay Blvd Port Richey, FL	3.0	2.0	1180	$1,825	$1.55	14d	17	1.27mi
7013 Green St New Port Richey, FL	3.0	2.0	1104	$1,500	$1.36	3d	1	1.30mi
7124 Green St New Port Richey, FL	2.0	1.0	1000	$1,195	$1.20	3d	1	1.30mi

HOA detail

• Monthly dues: $7 · $84/yr

Listing history 14 events

1. 2026-05-19
   status Pending
2. 2026-05-01
   price $147,900
3. 2026-04-13
   price $149,900
4. 2026-04-01
   price $154,000
5. 2026-03-20
   listed $159,000 Active
6. 2025-01-07
   soldstatus $134,000
7. 2024-12-30
   soldstatus $134,000 Closed 938-char remark

   Show marketing remark (938 chars)

   Discover your dream retirement retreat! This charming double-wide mobile home, nestled in a peaceful 55+ community, effortlessly blends comfort and convenience. Featuring 2 spacious bedrooms, 2 bathrooms, and a covered carport, this home offers plenty of room to unwind or entertain. It comes with the added bonus of some furnishings, along with two storage sheds for extra space. What truly sets this property apart is the rare advantage of land ownership, giving you the freedom to customize your personal oasis. With low HOA fees, you’ll also enjoy a host of community amenities that make everyday living a breeze. Located just minutes from downtown New Port Richey, you’ll have easy access to fantastic dining, shopping, and entertainment. Experience the best of senior living in this delightful mobile home. Don’t miss your chance—schedule a tour today and start living the life you’ve been dreaming of!

8. 2024-12-06
   status Pending 938-char remark

   Show marketing remark (938 chars)

   Discover your dream retirement retreat! This charming double-wide mobile home, nestled in a peaceful 55+ community, effortlessly blends comfort and convenience. Featuring 2 spacious bedrooms, 2 bathrooms, and a covered carport, this home offers plenty of room to unwind or entertain. It comes with the added bonus of some furnishings, along with two storage sheds for extra space. What truly sets this property apart is the rare advantage of land ownership, giving you the freedom to customize your personal oasis. With low HOA fees, you’ll also enjoy a host of community amenities that make everyday living a breeze. Located just minutes from downtown New Port Richey, you’ll have easy access to fantastic dining, shopping, and entertainment. Experience the best of senior living in this delightful mobile home. Don’t miss your chance—schedule a tour today and start living the life you’ve been dreaming of!

9. 2024-10-03
   listed $142,000 Active 938-char remark

   Show marketing remark (938 chars)

   Discover your dream retirement retreat! This charming double-wide mobile home, nestled in a peaceful 55+ community, effortlessly blends comfort and convenience. Featuring 2 spacious bedrooms, 2 bathrooms, and a covered carport, this home offers plenty of room to unwind or entertain. It comes with the added bonus of some furnishings, along with two storage sheds for extra space. What truly sets this property apart is the rare advantage of land ownership, giving you the freedom to customize your personal oasis. With low HOA fees, you’ll also enjoy a host of community amenities that make everyday living a breeze. Located just minutes from downtown New Port Richey, you’ll have easy access to fantastic dining, shopping, and entertainment. Experience the best of senior living in this delightful mobile home. Don’t miss your chance—schedule a tour today and start living the life you’ve been dreaming of!

10. 2024-07-01
    historical
11. 2024-05-29
    status Active
12. 2024-04-02
    status Pending
13. 2024-02-29
    price $139,995
14. 2024-02-14
    listed $145,000 Active

ⓘ 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: $1,660 · $138/mo
• Projected year-2 tax: $1,660 · $138/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 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: $19,485
• − Mortgage interest: −$8,285
• − Property taxes: −$1,660
• − Insurance: −$740
• − Repairs & maintenance: −$1,559
• − Management: −$1,559
• − HOA: −$84
• − Depreciation: −$4,303
• Taxable income: $1,297
• Est. tax owed @ 24.0%: −$311
• After-tax cash flow: $3,291/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

• Census place: New Port Richey East, FL
• 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

+2.0% since first listed

14 events — show timeline

• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $147,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $154,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-07 Sold (Public Records) $134,000 Public Records
• 2024-12-30 Sold (MLS) $134,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-03 Listed $142,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-02-29 Price Changed $139,995 Stellar MLS as Distributed by MLS Grid
• 2024-02-14 Listed $145,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.3%/yr

Latest (2025): $1,660 · +34.5% YoY. Source: county tax records.