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$330,000

For Sale - Active
6711 Arroyo Dr, New Port Richey, FL 34652
2 Beds
3 Baths
1,320 Square Feet
0.18 Acres Lot
Built in 1961
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Aug 23, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$728
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Property Description


0.18 Acres Lot
Built in 1961
For Sale - Active
Units n/a

Unmatched Waterfront Views & Old Florida Charm! Experience breathtaking panoramic views of the Gulf, bay, and estuary right from your own backyard! Homes can be updated, but this special kind of natural, expansive waterfront setting is nearly impossible to find. The surrounding area is teeming with wildlife. Often spotted are manatees, dolphins, and nesting birds like hawks and herons. Boat lovers will appreciate the quick ride to the Gulf of Mexico (ideal for vessels up to 21 feet with outboard motors). A true paradise for fishing enthusiasts, nature lovers, and anyone drawn to life on the water. This rare opportunity offers a private dock and direct access to some of the best fishing around. Whether you're looking for a vacation escape, full-time residence, rental investment, or a future site to build your quiet dream home, with even more spectacular views, this location is the perfect investment. Located just minutes from Green Key Beach and close to the heart of Downtown New Port Richey. Enjoy local favorite restaurants, Sims Park, cultural festivals, shopping, medical facilities, a public library, and more. The home features a flexible layout with a large converted garage now serving as a spacious family room, perfect to convert into guest suite or in-law quarters with its own exterior entrance. There are two enclosed porches along the back of the home that showcase uninterrupted water views. Perfect for relaxing or entertaining. Additional features include, pen living and dining areas, flexible kitchen layout, inside utility area. Renovating this home has endless possibilities. Located on a quiet, dead-end street. No HOA. Don’t miss your chance to make this slice of heavenly natural Florida, with unmatched views and endless potential, yours. Sold AS IS. Schedule your showing to see this special property in person to fully appreciate its beauty!

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Location


Property Details


Parking

  • Description: Converted Garage, None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0626160020002000230
  • Lot Size: 7975 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1961

Tax Information

  • Annual Tax: $3,365

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pasco

Listing Details


Listed by:
Christine Smith
CHARLES RUTENBERG REALTY INC
(727) 423-4454

Source:
Stellar MLS
MLS#: TB8402251
Stellar MLS

Investment Summary


Monthly Cash Flow
-$728
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.1%

Purchase Details

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Purchase price:
$330,000
Amount financed:
-$264,000
Down payment:
$66,000
Closing costs:
$9,900
Rehab costs:
$0
Initial cash invested:
$75,900
Square feet:
1,320
Cost per square foot:
$250
Monthly rent per square foot:
$1.36

Financing Details

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Loan amount:
$264,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,690
Property tax:
$280
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,096

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$280-$3,365
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$730-$8,765

Cash Flow


Monthly Yearly
Net operating income:
$962 $11,544
Mortgage payments:
-$1,690 -$20,280
Cash flow:
-$728 -$8,736