6632 Oelsner St · New Port Richey, FL 34652

$45,000

2 bd · 2.0 ba · 720 sqft · Manufactured public records · 9 Days on market

Built 1973 9,780 sqft lot Est $74k · 39% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Fantastic opportunity to acquire 0.22 Acre prime land in New Port Richey, with no HOA restrictions. Conveniently located near shopping, dining, parks, schools, and just a short drive to the Gulf Coast beaches. Priced to include the land and necessary impact fees. Save time and money with essential utilities already on site: public water, septic tank, and electricity are ready for connection, offering a straightforward path to commencing your new construction project. The existing mobile home structure is in distressed condition, and the existing electric service requires an update to get connected, due to potential hazards, all individuals who enter t

Key facts

• 0.22 acre prime land
• Septic tank
• No hoa restrictions

Tags

• 0.22 ACRE PRIME LAND
• NO HOA RESTRICTIONS
• PUBLIC WATER
• SEPTIC TANK

Property features AI

Finance

• Other: Lot size approximately 0.22 acres (0 to less than 1/4 acre)
• Financial info: Lease restrictions not indicated; Taxes reported (annual amount not included per instructions)
• HOA & community: No HOA/association

Exterior

• Parking: Parking details not specified
• Security: No security features listed
• Utilities: Public water available; Septic tank sewer; Water service available
• Home design: Residential mobile home (single wide); One story; Faces north; Entry level not specified
• Construction: Metal siding; Membrane and metal roof; Crawlspace foundation; Built on a single-wide mobile home structure
• Exterior features: Front screened porch; Other exterior features

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating listed; No cooling listed
• Interior features: No interior features specified
• Laundry & utility: No laundry facilities (none listed)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $45k.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 25.1% vs local median 2.0% in New Port Richey — 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 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.
• Market conditions: Rents flat; 635 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $311 of loan paydown is wiped out by about $1k 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 + 0.7% rent growth), your $13k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $19k; list at $45k implies a 137% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $45,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.91% ✓
• Cap rate: 25.12%
• Cash-on-cash: 67.23%
• DSCR: 3.99
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $74,160
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6833 Garden Dr	0.25mi	2/2.0	756 (+5%)	8mo	$78,000	$103	74
6825 Edgewater Dr	0.27mi	2/2.0	780 (+8%)	14mo	$35,000	$45	62

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 · 0.72% rent growth · sell at horizon

5-year hold

• IRR: 16.2%
• Equity multiple: 1.62×
• Total profit: $7,853
• Equity at exit: $6,710

10-year hold

• IRR: 21.9%
• Equity multiple: 2.54×
• Total profit: $19,417
• Equity at exit: $3,891

Cash invested: $12,600 (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 34652

• Home prices YoY: -26.1%
• Rents YoY: 0.7%
• Active inventory: 635
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,310 high
• Mortgage (P&I): −$236
• Tax from tax record: −$74 /mo · $893/yr
• Insurance: −$19
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $279

Break-even live

Break-even rent $957

Max offer price $45,000

Occupancy floor 74%

Sensitivity live

Price	-10% $305	-5% $292	+0% $279	+5% $267	+10% $254
Rent	-10% $176	-5% $228	+0% $279	+5% $331	+10% $383
Rate	-1.0pp $302	-0.5pp $291	base $279	+0.5pp $268	+1.0pp $256

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6916 Julia Ct Unit 6916 Port Richey, FL	1.0	1.0	700	$1,050	$1.50	22d	1	0.52mi
6931 Julia Ct New Port Richey, FL	1.0–2.0	1.0	800	$1,495	$1.87	3d	4	0.53mi
5321 Avery Rd Unit 1 New Port Richey, FL	2.0	1.0	720	$1,150	$1.60	3d	1	0.68mi
6921 Washington St Unit 3Apt 3 Port Richey, FL	2.0	1.0	750	$1,269	$1.69	21d	1	0.79mi
7026 Washington St New Port Richey, FL	1.0	1.0	600	$1,150	$1.92	4d	1	0.89mi
7026 Washington St New Port Richey, FL	1.0	1.0	600	$1,000	$1.67	18d	1	0.89mi
5805 Delaware Ave New Port Richey, FL	2.0	1.0	700	$1,250	$1.79	24d	1	0.95mi
5325 Lark Ln New Port Richey, FL	1.0	1.0	400	$900	$2.25	21d	1	1.02mi
5741 Tennessee Ave New Port Richey, FL	1.0	1.0	700	$1,200	$1.71	24d	1	1.03mi
4910 Limestone Dr Unit B Port Richey, FL	1.0	1.0	476	$1,100	$2.31	12d	1	1.08mi
6120 Indiana Ave New Port Richey, FL	2.0	1.0	676	$1,299	$1.92	4d	1	1.14mi
4948 Getner St New Port Richey, FL	2.0	1.0	722	$1,350	$1.87	24d	1	1.16mi
4922 Filner St New Port Richey, FL	1.0	1.0	540	$1,000	$1.85	22d	1	1.18mi
5543 Gulf Dr New Port Richey, FL	2.0	1.0	744	$1,550	$2.08	17d	1	1.19mi
4944 Elkner St New Port Richey, FL	2.0	1.0	722	$1,350	$1.87	22d	1	1.21mi
4901 Onyx Ln #102 New Port Richey, FL	1.0	1.0	672	$1,295	$1.93	24d	1	1.31mi
5154 Turquoise Ln #102 New Port Richey, FL	1.0	1.0	708	$1,250	$1.77	5d	1	1.36mi
6330 Pennsylvania Ave Unit 1 New Port Richey, FL	1.0	1.0	622	$1,150	$1.85	21d	1	1.38mi
6330 Pennsylvania Ave New Port Richey, FL	1.0	1.0	622	$1,150	$1.85	24d	1	1.38mi
5149 Tangelo Dr Apt B New Port Richey, FL	1.0	1.0	350	$1,195	$3.41	24d	1	1.45mi

Listing history 6 events

1. 2026-05-13
   status Pending
2. 2026-05-06
   status Active
3. 2026-05-01
   status Pending
4. 2026-04-29
   listed $45,000 Active
5. 1995-10-11
   soldstatus $19,000
6. 1993-10-21
   soldstatus $15,500

ⓘ 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: $893 · $74/mo
• Projected year-2 tax: $893 · $74/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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: $15,722
• − Mortgage interest: −$2,521
• − Property taxes: −$893
• − Insurance: −$5,344
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$1,309
• Taxable income: $3,140
• Est. tax owed @ 24.0%: −$754
• After-tax cash flow: $2,598/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

• 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 · 524,098 people
• City population: 137,708
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,444
• Household income: $56,931
• Rent vs Own: 36.4% rent · 63.6% own
• Severe rent burden: 1190.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% Russian/Polish/Slavic 1%

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: ▼ -109.49%
• Current HPI: 310.8347
• Rent YoY: ▲ 0.72%
• 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

+190.3% since first listed

6 events — show timeline

• 2026-05-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 1995-10-11 Sold (Public Records) $19,000 Public Records
• 1993-10-21 Sold (Public Records) $15,500 Public Records

Property tax history

+17.6%/yr

Latest (2025): $893 · +288.3% YoY. Source: county tax records.