8104 Stoney Bridge Dr · New Port Richey East, FL 34653

$150,000

3 bd · 2.0 ba · 1,680 sqft · Manufactured · 1 Days on market

Built 1992 Fair condition $695/mo HOA · 33% of rent

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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 +10.9/30.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• DSCR +3.2/10.0
• Condition / age +2.2/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

PRICED TO SELL FAST! Affordable Florida retirement living in a beautiful active 55+ community with pool and clubhouse amenities! Welcome to Grand Valley, a desirable 55+ community in New Port Richey! This spacious and well-maintained 3-bedroom, 2-bath home offers approximately 1,680 square feet of comfortable living space with an open floor plan, large living room, generous kitchen, and indoor laundry room. Enjoy affordable Florida living with community amenities including a heated pool, clubhouse, shuffleboard, fire pit, and planned social activities. Conveniently located near shopping, restaurants, medical facilities, beaches, and golf courses. Lot rent includes lawn maintenance, trash,

Key facts

• Clubhouse amenities
• Fire pit
• Shuffleboard

Tags

• HEATED POOL
• CLUBHOUSE AMENITIES
• SHUFFLEBOARD
• FIRE PIT
• PLANNED SOCIAL ACTIVITIES

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: Clubhouse; Pool; Senior community; Association approval required; Pets allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Cable available
• Home design: Manufactured double-wide home; Single-story; Faces west; Crawlspace foundation
• Construction: Vinyl siding; Metal roof
• Exterior features: Outdoor grill; Asphalt road access

Interior

• Kitchen: Convection oven; Range; Dishwasher; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Open floor plan; Split bedroom layout; Thermostat; Walk-in closet(s); Window treatments; Electric fireplace
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-67 ($-800/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (6.4% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $140k (6.4% below list) — sets the bar for cash-flow.
• Cap rate 5.8% 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; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• At $2,107/mo this rent would consume 51% of the median local household income ($50k/yr) (locally 1439% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,349 (6.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
7. 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.
8. 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.
9. 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: 1.40% ✓
• Cap rate: 5.76%
• Cash-on-cash: -1.91%
• DSCR: 0.92
• GRM: 5.9

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: -25.1%
• Equity multiple: 0.18×
• Total profit: $-34,272
• Equity at exit: $22,365

10-year hold

• IRR: -52.6%
• Equity multiple: -0.36×
• Total profit: $-57,318
• Equity at exit: $12,969

Cash invested: $42,000 (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: 5.9×

Monthly cashflow live

• Estimated rent: $2,107 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$695
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-67

Break-even live

Break-even rent $2,192

Max offer price $140,349

Occupancy floor 98%

Sensitivity live

Price	-10% $37	-5% $-15	+0% $-67	+5% $-119	+10% $-170
Rent	-10% $-233	-5% $-150	+0% $-67	+5% $17	+10% $100
Rate	-1.0pp $9	-0.5pp $-29	base $-67	+0.5pp $-106	+1.0pp $-145

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7544 Red Mill Cir New Port Richey, FL	3.0	2.5	1513	$2,200	$1.45	19d	1	0.34mi
7542 Red Mill Cir New Port Richey, FL	3.0	2.5	1662	$2,100	$1.26	25d	1	0.36mi
8427 Blue Rock Dr New Port Richey, FL	3.0	2.5	1513	$2,250	$1.49	4d	1	0.41mi
7810 Cayuga Dr New Port Richey, FL	2.0	2.0	1838	$1,973	$1.07	6d	1	0.48mi
7911 Foxwood Dr New Port Richey, FL	3.0	2.0	1529	$1,749	$1.14	13d	1	0.48mi
6692 Homebound Way New Port Richey, FL	2.0	2.0	1613	$2,595	$1.61	0d	1	0.67mi
6692 Homebound Way New Port Richey, FL	2.0	2.0	1630	$2,600	$1.60	25d	1	0.67mi
7829 Glencoe Dr New Port Richey, FL	3.0	2.0	1658	$2,295	$1.38	21d	1	0.68mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	25d	1	0.96mi
8102 Chickasaw Ln Port Richey, FL	3.0	2.0	1688	$1,969	$1.17	6d	1	0.97mi
8228 Chasco Woods Blvd Port Richey, FL	1.0–3.0	1.0–2.0	966	$1,760	$1.82	2d	22	1.08mi
7039 Lenox Dr New Port Richey, FL	3.0	2.0	1300	$1,795	$1.38	13d	1	1.24mi
6947 Bottle Brush Dr Port Richey, FL	3.0	2.0	2121	$2,000	$0.94	25d	1	1.33mi
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	19d	1	1.45mi
8030 Gabriel Dr Port Richey, FL	3.0	2.0	1501	$2,025	$1.35	6d	1	1.49mi
6474 Taylor Ct New Port Richey, FL	3.0	2.0	1620	$2,400	$1.48	12d	1	1.49mi

HOA detail

• Monthly dues: $695 · $8,340/yr
• Likely covers: trashpool

Listing history 2 events

1. 2026-06-04
   remarks 699-char remark
2. 2026-06-04
   listed $150,000 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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: $25,290
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$2,023
• − Management: −$2,023
• − HOA: −$8,340
• − Depreciation: −$4,364
• Taxable loss: −$2,862
• Est. tax savings @ 24.0%: +$687
• After-tax cash flow: $-113/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.

Condition & rehab AI · 6 photos

Fair 45/100 Cosmetic rehab

This 3-bedroom, 2-bath home in a desirable 55+ community offers a fair condition with some minor repairs and maintenance needed. Upgrades to paint, flooring, exterior siding, and landscaping can significantly increase its value and appeal.

Repairs flagged

• Minor Paint — Interior walls show some wear.
• Minor Flooring — Tile flooring in the kitchen and dining area appears slightly worn.
• Minor Exterior siding — Exterior siding shows some discoloration and wear.
• Minor Landscaping — Landscaping appears to be maintained, but not particularly attractive or well-maintained.

Value-add opportunities

• Both Paint interior walls and trim — Fresh paint can make a significant difference in the home's appearance and value.
• Both Replace worn flooring — New flooring can improve the home's appearance and increase its value.
• Both Paint exterior siding — Fresh paint can improve the home's curb appeal and increase its value.
• Both Landscaping improvements — A well-maintained and attractive landscape can significantly increase the home's value and appeal to potential buyers/renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Interior walls show some wear.	Minor	$500–3,000
Flooring · Tile flooring in the kitchen and dining area appears slightly worn.	Minor	$500–3,000
Exterior siding · Exterior siding shows some discoloration and wear.	Minor	$500–3,000
Landscaping · Landscaping appears to be maintained, but not particularly attractive or well-maintained.	Minor	$500–3,000
Total estimated repair cost · 4 items		$2,000–12,000

Value-add ROI direction

• Both Paint interior walls and trim — Fresh paint can make a significant difference in the home's appearance and value. ↑
• Both Replace worn flooring — New flooring can improve the home's appearance and increase its value. ↑
• Both Paint exterior siding — Fresh paint can improve the home's curb appeal and increase its value. ↑
• Both Landscaping improvements — A well-maintained and attractive landscape can significantly increase the home's value and appeal to potential buyers/renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• 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

• 2026-06-03 Listed $150,000 Stellar MLS as Distributed by MLS Grid