Leased and producing; rentable day one with a tenant already paying through fall 2026. A no-fuss Pasco County starter rental that puts cash in your pocket the moment you close.
Quick Snapshot
- Property type: Single-family home
- Beds / Baths: 3 beds, 1 bath
- Living area: 1,156 sqft
- List price: $229,990
- Current rent: $1,700 per month
- Security deposit: $3,190
- Lease expiration: 09/30/2026
- Estimated ARV: $273,000
Why This Deal Works
- Established Shamrock Heights pocket of Pasco County, just minutes from the Gulf and Morton Plant North Bay Hospital
- Tenant in place at $1,700/month with the lease expiring 09/30/2026, giving the new owner a clean opportunity to reset rent toward the $1,800+ market
- Sub-$230K entry on a 3-bed in coastal Pasco, increasingly rare as institutional buyers chase this exact profile
- Built solid in 1965 on a Florida concrete slab; bones are proven, and modest cosmetic updates can lift both rent and ARV
Investment Highlights
- Annualized rent of $20,400 against a $229,990 list price delivers an ~8.9% gross yield, strong for coastal Pasco County
- ~$43,000 spread between list and ARV creates built-in equity at close, capturable through light cosmetic work or refinance
- 1965 CMU block construction is typical of the era and hurricane-resilient, keeping long-term capex risk lower than wood-frame inventory
- 3/1 layout is the workhorse SFR configuration: easy to underwrite, easy to lease, and lower turnover than larger or smaller units
Off Market Properties
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