7119 Gibraltar Ave · New Port Richey East, FL 34653

$33,000

2 bd · 2.0 ba · 1,000 sqft · SingleFamily · 5 Days on market

Built 1982 64 ac 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 +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Manufacture home in Beautiful mobile park including pool and activities Newer roof , AC, water heater All Laminate floors Partial furnished New paint in and out Near beaches and 1 hour to Disney Price dropped

Key facts

• Ac
• Laminate floors
• Newer roof

Tags

• POOL
• NEWER ROOF
• AC
• WATER HEATER
• LAMINATE FLOORS
• PARTIAL FURNISHED

Property features AI

Exterior

• Home design: Single-family house; Living area approximately 1000 (units not specified)
• Exterior features: Lot approximately 63.58 (units not specified)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $33k.

Deal economics

• At list price, monthly cash flow is $995 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $33k).
• Cap rate 42.5% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 37% 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 $228 of loan paydown is wiped out by about $990 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 $9k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $33,000

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: 4.69% ✓
• Cap rate: 42.46%
• Cash-on-cash: 129.18%
• DSCR: 6.75
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $222,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6221 Wilds Dr	0.42mi	2/2.0	1,024 (+2%)	2mo	$175,000	$171	75
7109 Kapp Ct	0.35mi	2/2.0	1,066 (+7%)	10mo	$200,000	$188	64
7325 Calder Dr	0.36mi	2/2.0	1,074 (+7%)	11mo	$327,000	$304	62
6635 Crossbow Ln	0.57mi	2/2.0	1,082 (+8%)	2mo	$232,000	$214	58
7427 Banner St	0.59mi	2/1.0	1,024 (+2%)	10mo	$240,000	$234	56
6602 Crossbow Ln	0.51mi	2/2.0	1,082 (+8%)	9mo	$240,000	$222	55
6926 Echo Lake Dr	0.53mi	2/2.0	1,068 (+7%)	11mo	$225,000	$211	55
6144 Elmhurst Dr	0.47mi	2/2.0	1,124 (+12%)	10mo	$182,900	$163	49
7532 Banner St	0.66mi	2/1.0	1,072 (+7%)	7mo	$284,500	$265	48
6406 Congress St	0.66mi	3/1.0 (+1)	910 (-9%)	8mo	$145,000	$159	39
6800 William Tell Dr	0.67mi	2/2.0	1,126 (+13%)	11mo	$257,500	$229	38
7545 Banner St	0.66mi	3/1.5 (+1)	1,085 (+8%)	11mo	$287,000	$265	38

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: 6.79×
• Total profit: $53,491
• Equity at exit: $4,920

10-year hold

• IRR: —
• Equity multiple: 12.98×
• Total profit: $110,720
• Equity at exit: $2,853

Cash invested: $9,240 (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: 1.8×

Monthly cashflow live

• Estimated rent: $1,548 high
• Mortgage (P&I): −$173
• Tax est. 1.5%: −$41 /mo · $495/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $995

Break-even live

Break-even rent $289

Max offer price $33,000

Occupancy floor 31%

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: $8,250
• Closing costs: $990
• 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	18d	1	0.58mi
5822 Congress St #104 New Port Richey, FL	2.0	2.0	920	$1,650	$1.79	24d	1	0.64mi
5816 Congress St New Port Richey, FL	2.0	2.0	920	$1,400	$1.52	24d	1	0.67mi
6430 Polk St New Port Richey, FL	3.0	2.0	1270	$1,800	$1.42	22d	1	0.75mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	24d	1	0.81mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	20d	1	0.82mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	24d	1	0.82mi
6447 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	24d	1	0.84mi
7039 Lenox Dr New Port Richey, FL	3.0	2.0	1300	$1,795	$1.38	12d	1	0.85mi
6322 Alaska Ave New Port Richey, FL	2.0	1.0	720	$1,500	$2.08	24d	1	0.85mi
6405 Eric Dr New Port Richey, FL	2.0	2.0	1133	$1,400	$1.24	24d	1	0.90mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	24d	1	0.98mi
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	1.04mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	1.04mi
7320 Broadmoor Dr New Port Richey, FL	1.0–2.0	1.0–2.0	765	$1,715	$2.24	2d	59	1.06mi
6029 Wyoming Ave New Port Richey, FL	2.0	1.0	792	$1,850	$2.34	24d	1	1.09mi
7704 Riverdale Dr New Port Richey, FL	3.0	2.0	1320	$1,916	$1.45	5d	1	1.12mi
6807 Porter Rd Unit PGC C-5432-105 New Port Richey, FL	2.0	2.0	895	$1,360	$1.52	24d	1	1.24mi
6807 Porter Rd Unit PBMP M-5826 New Port Richey, FL	2.0	1.0	800	$1,380	$1.73	24d	1	1.24mi
6807 Porter Rd Unit PGC C-5432-209 New Port Richey, FL	2.0	2.0	1100	$1,300	$1.18	18d	1	1.24mi
6807 Porter Rd Unit PCG G-203 New Port Richey, FL	2.0	1.0	770	$1,275	$1.66	5d	1	1.24mi
6807 Porter Rd Unit PCG G-101 New Port Richey, FL	3.0	1.5	1080	$1,375	$1.27	5d	1	1.24mi
6807 Porter Rd Unit PBMP M-5836 New Port Richey, FL	2.0	1.0	840	$1,475	$1.76	24d	1	1.24mi
6807 Porter Rd New Port Richey, FL	2.0	1.0	840	$1,475	$1.76	2d	1	1.24mi
5847 Nebraska Ave New Port Richey, FL	1.0	1.0	900	$1,350	$1.50	24d	1	1.25mi
5101 Glenhurst Ln New Port Richey, FL	3.0	2.0	1419	$2,310	$1.63	5d	1	1.25mi
5165 Greenwood St New Port Richey, FL	3.0	2.0	1390	$2,400	$1.73	5d	1	1.29mi
5805 Delaware Ave New Port Richey, FL	2.0	1.0	700	$1,250	$1.79	24d	1	1.31mi
5159 Idlewild St New Port Richey, FL	2.0	2.0	1349	$1,650	$1.22	2d	1	1.33mi
5551 Executive Dr New Port Richey, FL	2.0	2.0	1100	$1,459	$1.33	24d	1	1.34mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	24d	1	1.34mi
5640 Ferguson Ct #2101 New Port Richey, FL	2.0	2.0	1056	$1,650	$1.56	24d	1	1.35mi
5543 Executive Dr Unit B4 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	24d	1	1.35mi
5521 Executive Dr Unit D1 New Port Richey, FL	2.0	2.0	1000	$1,379	$1.38	24d	1	1.36mi
5741 Tennessee Ave New Port Richey, FL	1.0	1.0	700	$1,200	$1.71	24d	1	1.37mi
5511 Executive Dr Apt E1 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	24d	1	1.37mi
5809 Dailey Ln New Port Richey, FL	2.0	1.0	950	$1,000	$1.05	24d	1	1.38mi
5037 School Rd New Port Richey, FL	3.0	2.0	1337	$2,450	$1.83	24d	1	1.38mi
6332 Grand Blvd Port Richey, FL	2.0	2.0	894	$1,950	$2.18	5d	2	1.38mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,550	$1.72	12d	1	1.39mi

Listing history 6 events

1. 2026-06-18
   days on market $33,000 Active 5 DOM
2. 2026-06-17
   days on market $33,000 Active 4 DOM
3. 2026-06-16
   days on market $33,000 Active 3 DOM
4. 2026-06-15
   days on market $33,000 Active 2 DOM
5. 2026-06-13
   remarks 211-char remark
6. 2026-06-13
   listed $33,000 Active 1 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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 4/10 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

Taxation est. · year 1

• Rental income: $18,573
• − Mortgage interest: −$1,849
• − Property taxes: −$495
• − Insurance: −$165
• − Repairs & maintenance: −$1,486
• − Management: −$1,486
• − Depreciation: −$960
• Taxable income: $12,133
• Est. tax owed @ 24.0%: −$2,912
• After-tax cash flow: $9,024/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

1 event — show timeline

• 2026-06-13 Listed $33,000 ForSaleByOwner.com