6615 Bandura Ave · New Port Richey, FL 34653

$164,900

3 bd · 2.0 ba · 784 sqft · Other public records · 27 Days on market

Built 2025 436 sqft lot

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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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +4.8/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Virtually Staged. BRAND NEW, MODERN HOME! And you own the lot - no park or HOA fees! This is your opportunity to stop renting (or invest) and get into a home with a new AC, new roof, and new energy-star rated windows. You'll keep your electric costs down and avoid costly big-ticket item repairs for YEARS. This 2 bedroom, 2 bath home includes a light and bright kitchen with shaker cabinets, sleek hardware, and stainless steel appliances. The living/room dining room combo features a versatile open concept layout. In the primary suite, you'll find a spacious walk-in closet, en-suite bathroom with a large linen closet, and a walk-in shower with glass doors. A second bedroom and bathroom with a

Key facts

• Shaker cabinets
• New ac
• New roof

Tags

• NEW AC
• NEW ROOF
• NEW ENERGY-STAR RATED WINDOWS
• LIGHT AND BRIGHT KITCHEN
• SHAKER CABINETS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Lot is approximately 0.01 acres (paved access); Living area about 765 sq ft (building area 784 sq ft); Zoned RMH
• Financial info: Lease restrictions not applicable; Unfurnished
• HOA & community: No HOA/association; Pets allowed; Not in a development

Exterior

• Parking: No specific parking info provided
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Manufactured single-wide home; One story; South-facing; Completed condition
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; New construction
• Exterior features: Exterior lighting; Private mailbox; Paved road access

Interior

• Kitchen: Range; Range hood; Refrigerator; Freezer; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Kitchen/family room combo; Open floorplan; Thermostat; Window treatments
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located inside with corridor access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $165k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/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 $162k (1.6% below list).
• Recommended offer: $162k (1.6% below list) — sets the bar for 1% rule.
• Cap rate 8.6% 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.
• Zoned schools: Calusa Elementary School (math 26% / reading 27%, grade F, #2,009 of 2,144 statewide, top 94%, 473 students, 85% FRL); Gulf High School (math 32% / reading 34%, grade F, #406 of 667 statewide, top 61%, 1,465 students, 76% FRL) — zoned schools average 81% FRL vs 48% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 51% district-wide (-21 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.9%/yr); 305 active listings in the ZIP; 31 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).
• 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 $5k 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 27 days — a 2% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; list at $165k implies a 560% 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 $162,259 (1.6% 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. 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.
3. 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.
4. 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: 0.98% ✗
• Cap rate: 8.58%
• Cash-on-cash: 8.18%
• DSCR: 1.36
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.75×
• Total profit: $-11,515
• Equity at exit: $24,587

10-year hold

• IRR: -1.0%
• Equity multiple: 0.94×
• Total profit: $-2,926
• Equity at exit: $14,258

Cash invested: $46,172 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,623 high
• Mortgage (P&I): −$865
• Tax from tax record: −$34 /mo · $404/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $315

Break-even live

Break-even rent $1,224

Max offer price $164,900

Occupancy floor 76%

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6338 Aberdeen Ave New Port Richey, FL	3.0	2.0	1000	$2,300	$2.30	16d	1	0.30mi
6430 Lomand Ave New Port Richey, FL	2.0	1.5	952	$1,550	$1.63	24d	1	0.31mi
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	0.32mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	24d	1	0.32mi
6300 Limerick Ave New Port Richey, FL	3.0	2.0	953	$1,650	$1.73	24d	1	0.36mi
6324 Lomand Ave New Port Richey, FL	2.0	1.5	720	$1,375	$1.91	24d	1	0.38mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	24d	1	0.42mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	24d	1	0.56mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	24d	1	0.76mi
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	17d	1	0.79mi
7730 Washington St Port Richey, FL	3.0	1.0	1040	$1,575	$1.51	24d	1	0.92mi
7730 Washington St Port Richey, FL	2.0	1.0	840	$1,575	$1.88	14d	1	0.92mi
8356 Journet Blvd Port Richey, FL	1.0–2.0	1.0	843	$1,315	$1.56	24d	1	0.94mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	24d	1	1.00mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	20d	1	1.00mi
7731 Chapel Ave Port Richey, FL	2.0	1.0	828	$1,250	$1.51	24d	1	1.01mi
6120 Indiana Ave New Port Richey, FL	2.0	1.0	676	$1,299	$1.92	3d	1	1.02mi
6921 Washington St Unit 3Apt 3 Port Richey, FL	2.0	1.0	750	$1,269	$1.69	20d	1	1.06mi
5848 Siesta Ln Port Richey, FL	2.0	1.0	800	$1,250	$1.56	12d	1	1.07mi
8540 Robilina Rd Port Richey, FL	1.0–2.0	1.0	722	$1,432	$1.98	3d	14	1.09mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,495	$1.66	20d	1	1.17mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,550	$1.72	12d	1	1.17mi
8228 Chasco Woods Blvd Port Richey, FL	1.0–3.0	1.0–2.0	966	$1,760	$1.82	1d	22	1.24mi
7124 Green St New Port Richey, FL	2.0	1.0	1000	$1,195	$1.20	1d	1	1.27mi
6931 Julia Ct New Port Richey, FL	1.0–2.0	1.0	800	$1,495	$1.87	2d	4	1.33mi
5321 Avery Rd Unit 1 New Port Richey, FL	2.0	1.0	720	$1,150	$1.60	3d	1	1.33mi
7013 Green St New Port Richey, FL	3.0	2.0	1104	$1,500	$1.36	1d	1	1.34mi
6412 Pawling Ave Port Richey, FL	2.0	1.0	806	$1,750	$2.17	24d	1	1.34mi
5335 Palmetto Rd New Port Richey, FL	2.0	1.0	800	$1,475	$1.84	24d	1	1.36mi
6332 Grand Blvd Port Richey, FL	2.0	2.0	894	$1,950	$2.18	5d	2	1.36mi
7353 Royal Palm Dr New Port Richey, FL	3.0	2.0	1048	$1,550	$1.48	24d	1	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $164,900 Active 27 DOM
2. 2026-06-17
   status $164,900 Active 26 DOM
3. 2026-06-16
   status $164,900 Pending 26 DOM
4. 2026-06-15
   days on market $164,900 Active 26 DOM
5. 2026-06-13
   days on market $164,900 Active 24 DOM
6. 2026-06-09
   days on market $164,900 Active 20 DOM
7. 2026-06-08
   days on market $164,900 Active 19 DOM
8. 2026-06-07
   days on market $164,900 Active 18 DOM
9. 2026-06-04
   days on market $164,900 Active 15 DOM
10. 2026-06-03
    days on market $164,900 Active 14 DOM
11. 2026-06-02
    days on market $164,900 Active 13 DOM
12. 2026-06-01
    days on market $164,900 Active 12 DOM
13. 2026-05-31
    days on market $164,900 Active 11 DOM
14. 2026-05-20
    listed $164,900 Active
15. 2005-10-10
    soldstatus $25,000

ⓘ 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: $404 · $34/mo
• Projected year-2 tax: $1,369 · $114/mo
• Expected delta: +$964/yr (+$80/mo · 238.5%)

ⓘ 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 · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,471
• − Mortgage interest: −$9,237
• − Property taxes: −$404
• − Insurance: −$824
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$4,797
• Taxable income: $1,093
• Est. tax owed @ 24.0%: −$262
• After-tax cash flow: $3,514/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): 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

+559.6% since first listed

2 events — show timeline

• 2026-05-20 Listed $164,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-10 Sold (Public Records) $25,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $404 · +34.9% YoY. Source: county tax records.