New Port Richey Block Flip

New Port Richey Block Flip

2 bed 1 bath 947 sq ft Built in 1984 Single Family
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68
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
13/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

This off-market, single-family concrete block home in New Port Richey is priced among the top 25% most affordable properties currently available on the MLS, creating immediate value at entry. At approximately 947sqft, the home offers an efficient renovation profile with strong rent-to-price dynamics and low holding costs, ideal for both long-term rental and resale strategies.

The property’s block construction reduces long-term maintenance and insurance risk. Interior improvements remain primarily cosmetic that are straightforward and budget-friendly, allowing for a controlled and predictable renovation scope.

Water access and a Gulf shoreline are just 2–3 miles away, driving strong tenant and buyer demand without the pricing or flood risk of waterfront homes. Limited affordable inventory further reinforces this as a high-conviction value-add opportunity. 

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We recommend flip
Rental Income
$2,300 mo. / $27,600 yr.
Estimated Taxes
$2,300 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$20,442
Projected Income
10.28%
Estimated APY
$47,100
Projected Income
20.67%
Estimated ROI

Comps

 
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