5810 Baker Rd · New Port Richey East, FL 34653

$160,000

2 bd · 1.0 ba · 888 sqft · SingleFamily public records · 8 Days on market

Built 1963 7,200 sqft lot Est $169k · 5% under

---

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 +20.3/30.0
• ARV discount +9.8/15.0
• DSCR +6.4/10.0
• Schools +4.3/10.0
• 1% rule +4.0/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. INVESTOR SPECIAL!!! One of the very few, handful of properties in New Port Richey UNDER 200k!! This property is fully operational and functional and is fully livable! Live in it or renovate it or flip it, are all options at your disposal. This home features 2 bedrooms and 1 bathrooms with a 1 car garage, plus a bonus room that can be converted to a 3rd bedroom, in a very sought after and central location in New Port Richey. INCLUDING: Brand New AC 2021, Roof from 2013 with plenty of life left and an upgraded 150amp panel replaced in 2009. This home also features two newer septic tank and drainfields (one for the house and one for the washer machine),

Key facts

• Central location
• Bonus room
• Newer septic tank

Tags

• BONUS ROOM
• CENTRAL LOCATION
• BRAND NEW AC
• UPGRADED PANEL
• NEWER SEPTIC TANK
• LARGE SHED

Property features AI

Finance

• Other: Lot ~0.17 acres (about 0 to less than 1/4 acre); Asphalt road access; Zoning: R2; Two septic systems on property
• Financial info: No lease restrictions
• HOA & community: No HOA association indicated; No association approval required

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Septic tank; Electricity connected; Water connected; Public utilities available
• Home design: Single family residence; One story; Faces northwest; Fixer condition; Homesteaded
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built using materials typical of the era
• Exterior features: Storage

Interior

• Kitchen: Convection oven; Cooktop; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile; Terrazzo
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $205 ($2k/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 $145k (9.7% below list).
• Recommended offer: $145k (9.7% below list) — sets the bar for 1% rule.
• Cap rate 7.8% 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; 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 35% 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

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 $144,548 (9.7% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.90% ✗
• Cap rate: 7.83%
• Cash-on-cash: 5.50%
• DSCR: 1.24
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $168,720
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6303 Illinois Ave	0.69mi	2/1.0	897 (+1%)	15mo	$240,000	$268	54
6406 Congress St	0.71mi	3/1.0 (+1)	910 (+2%)	8mo	$145,000	$159	51
6410 Louisiana Ave	0.55mi	3/2.0 (+1)	976 (+10%)	13mo	$185,000	$190	38
6235 Illinois Ave	0.73mi	2/1.0	980 (+10%)	17mo	$185,000	$189	34
6444 Old Main St	0.67mi	2/1.0	780 (-12%)	23mo	$207,500	$266	30

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: -10.8%
• Equity multiple: 0.62×
• Total profit: $-17,169
• Equity at exit: $23,857

10-year hold

• IRR: -5.8%
• Equity multiple: 0.67×
• Total profit: $-14,818
• Equity at exit: $13,834

Cash invested: $44,800 (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: 9.2×

Monthly cashflow live

• Estimated rent: $1,445 high
• Mortgage (P&I): −$839
• Tax from tax record: −$31 /mo · $371/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $205

Break-even live

Break-even rent $1,186

Max offer price $160,000

Occupancy floor 81%

Sensitivity live

Price	-10% $296	-5% $251	+0% $205	+5% $160	+10% $115
Rent	-10% $91	-5% $148	+0% $205	+5% $262	+10% $319
Rate	-1.0pp $286	-0.5pp $246	base $205	+0.5pp $164	+1.0pp $122

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5822 Congress St #104 New Port Richey, FL	2.0	2.0	920	$1,650	$1.79	25d	1	0.40mi
5816 Congress St New Port Richey, FL	2.0	2.0	920	$1,400	$1.52	25d	1	0.42mi
6322 Alaska Ave New Port Richey, FL	2.0	1.0	720	$1,500	$2.08	25d	1	0.60mi
7320 Broadmoor Dr New Port Richey, FL	1.0–2.0	1.0–2.0	765	$1,715	$2.24	0d	61	0.80mi
6635 Crossbow Ln New Port Richey, FL	2.0	2.0	1082	$1,695	$1.57	18d	1	0.82mi
6330 Pennsylvania Ave Unit 1 New Port Richey, FL	1.0	1.0	622	$1,150	$1.85	21d	1	0.85mi
6330 Pennsylvania Ave New Port Richey, FL	1.0	1.0	622	$1,150	$1.85	25d	1	0.85mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	920	$1,250	$1.36	25d	1	0.86mi
6332 Pennsylvania Ave New Port Richey, FL	2.0	1.0	962	$1,250	$1.30	21d	1	0.86mi
6807 Porter Rd Unit PGC C-5432-209 New Port Richey, FL	2.0	2.0	1100	$1,300	$1.18	18d	1	0.86mi
6807 Porter Rd Unit PGC C-5432-105 New Port Richey, FL	2.0	2.0	895	$1,360	$1.52	25d	1	0.86mi
6807 Porter Rd Unit PBMP M-5826 New Port Richey, FL	2.0	1.0	800	$1,380	$1.73	25d	1	0.86mi
6807 Porter Rd Unit PCG G-202 New Port Richey, FL	1.0	1.0	605	$1,025	$1.69	5d	1	0.86mi
6807 Porter Rd Unit PCG G-203 New Port Richey, FL	2.0	1.0	770	$1,275	$1.66	5d	1	0.86mi
6807 Porter Rd Unit PCG G-101 New Port Richey, FL	3.0	1.5	1080	$1,375	$1.27	5d	1	0.86mi
6807 Porter Rd Unit PBMP M-5836 New Port Richey, FL	2.0	1.0	840	$1,475	$1.76	25d	1	0.86mi
6807 Porter Rd New Port Richey, FL	2.0	1.0	840	$1,475	$1.76	3d	1	0.86mi
6029 Wyoming Ave New Port Richey, FL	2.0	1.0	792	$1,850	$2.34	25d	1	0.90mi
6721 Congress St New Port Richey, FL	2.0	1.0	830	$1,250	$1.51	25d	1	0.96mi
4903 Myrtle Oak Dr #14 New Port Richey, FL	2.0	2.0	935	$1,250	$1.34	25d	1	1.02mi
5551 Executive Dr New Port Richey, FL	2.0	2.0	1100	$1,459	$1.33	25d	1	1.06mi
5543 Executive Dr Unit B4 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	25d	1	1.07mi
6120 Indiana Ave New Port Richey, FL	2.0	1.0	676	$1,299	$1.92	4d	1	1.07mi
5521 Executive Dr Unit D1 New Port Richey, FL	2.0	2.0	1000	$1,379	$1.38	25d	1	1.08mi
5511 Executive Dr Apt E1 New Port Richey, FL	2.0	2.0	1000	$1,459	$1.46	25d	1	1.08mi
5640 Ferguson Ct #2101 New Port Richey, FL	2.0	2.0	1056	$1,650	$1.56	25d	1	1.09mi
5809 Dailey Ln New Port Richey, FL	2.0	1.0	950	$1,000	$1.05	25d	1	1.13mi
6424 Spring Flower Dr #25 New Port Richey, FL	2.0	1.5	835	$1,175	$1.41	25d	1	1.13mi
6424 Spring Flower Dr #25 New Port Richey, FL	2.0	1.5	915	$1,175	$1.28	18d	1	1.13mi
5847 Nebraska Ave New Port Richey, FL	1.0	1.0	900	$1,350	$1.50	25d	1	1.16mi
5805 Delaware Ave New Port Richey, FL	2.0	1.0	700	$1,250	$1.79	25d	1	1.16mi
5741 Tennessee Ave New Port Richey, FL	1.0	1.0	700	$1,200	$1.71	25d	1	1.17mi
7425 Trouble Creek Rd New Port Richey, FL	1.0–2.0	1.0–2.0	812	$1,604	$1.97	2d	15	1.17mi
5743 Elm St New Port Richey, FL	2.0	1.0	756	$1,200	$1.59	5d	1	1.21mi
6548 Batea Ter New Port Richey, FL	3.0	2.0	1120	$1,800	$1.61	25d	1	1.22mi
5648 Townhouse Dr New Port Richey, FL	2.0	1.5	900	$1,495	$1.66	25d	1	1.27mi
7138 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	1.30mi
7140 Bellaire Ter New Port Richey, FL	2.0	1.0	776	$1,350	$1.74	25d	1	1.30mi
6332 Grand Blvd Port Richey, FL	2.0	2.0	894	$1,962	$2.20	0d	3	1.31mi
5800 Virginia Ave New Port Richey, FL	2.0	1.0	900	$1,495	$1.66	21d	1	1.37mi

Listing history 7 events

1. 2026-06-17
   status $160,000 Pending 8 DOM
2. 2026-06-17
   days on market $160,000 Active 8 DOM
3. 2026-06-16
   days on market $160,000 Active 7 DOM
4. 2026-06-15
   days on market $160,000 Active 6 DOM
5. 2026-06-13
   days on market $160,000 Active 4 DOM
6. 2026-06-10
   remarks 699-char remark
7. 2026-06-10
   listed $160,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $371 · $31/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$957/yr (+$80/mo · 258.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 21% 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: $17,346
• − Mortgage interest: −$8,962
• − Property taxes: −$371
• − Insurance: −$800
• − Repairs & maintenance: −$1,388
• − Management: −$1,388
• − Depreciation: −$4,655
• Taxable loss: −$217
• Est. tax savings @ 24.0%: +$52
• After-tax cash flow: $2,516/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

• 2026-06-09 Listed $160,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.1%/yr

Latest (2025): $371 · +7.1% YoY. Source: county tax records.