5447 QUIST DRIVE
About This Property
This corner lot property, nestled along a serene canal that leads you to the Gulf, offers more than just a home-it offers a lifestyle. Imagine stepping into your backyard and launching your kayak as the morning sun glistens on the water, or setting sail from your private dock for a sunset cruise. Evenings invite you to boat over to nearby waterfront restaurants like Catches or Whiskey Joe's, where the breeze is salty, the seafood fresh, and every dinner feels like a getaway..
The gated lot provides privacy and security, while its prime location ensures you're never far from the vibrant life of downtown New Port Richey. Here, the Pithlachascotee River, affectionately known as the Cotee River, winds through the city, offering scenic views and a connection to the community's rich history. Enjoy events at Sims Park, dine at eclectic restaurants, or explore the local shops-all accessible by a leisurely boat ride or a short drive.
While the home has been affected by recent events and exceeds the 50% rule, it stands as a canvas for your vision. Whether you choose to restore or rebuild, the potential to create your dream waterfront retreat is unparalleled. With close proximity to shopping centers, hospitals, and major cities like Tampa and Clearwater, convenience is at your doorstep.
Embrace the coastal lifestyle you've always desired. At 5447 Quist Drive, you're not just purchasing property-you're investing in a way of life where the water is your backyard, and every day feels like a vacation.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Marthas Vineyard
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017