Turnkey rental with a long lease runway. Tenant locked in through February 2027, giving the new owner nearly a full year of guaranteed income. Clean, simple, and low-maintenance in an established New Port Richey pocket.
Quick Snapshot
- Property type: Single-family home
- Beds / Baths: 3 beds, 1 bath
- Living area: 1,158 sqft
- List price: $229,900
- Current rent: $1,785 per month
- Security deposit: $3,140
- Lease expiration: 02/28/2027
- Estimated ARV: $268,000
Why This Deal Works
- Newer 1973 build than most Pasco inventory at this price, with cleaner mechanicals and a tighter envelope
- Lease locked through 02/28/2027 at $1,785/month, with nearly a full year of income already underwritten before the buyer needs to lift a finger
- 34653 inland location pulls coastal tenant demand at a discount to oceanfront pricing
- Under-1,200 sqft footprint sits in the SFR landlord sweet spot: lower turnover cost, lower insurance, lower repair exposure
Investment Highlights
- Annualized rent of $21,420 = ~9.3% gross yield on list, one of the strongest in coastal Pasco at this price band
- 10+ months of guaranteed cash flow already on the books before any re-leasing decision is required
- ~$38,000 ARV spread provides immediate equity buffer for cash-out refi, 1031 exchange, or quick resale
- Sits within a 5-minute drive of the US-19 retail and employment corridor, keeping tenant demand consistent year-round
Additional Information:
Ready to move forward or need more details? Contact Jorge Vazquez today at 813-679-6177 or email jorge@graystoneig.com to discuss this opportunity and get your questions answered.
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