5820 OLIVE DRIVE, NEW PORT RICHEY, FL, 34652
Active89 days on marketListed Aug 10, 2026MLS #TB8532818
About this home
5820 OLIVE DRIVE
Investor Opportunity! Cash Flow property in New Port Richey Florida. Two separate homes with two addresses on one parcel. Strong rental demand area. Established rental income already in place. No HOA fees NO LOT rent. Low annual taxes and low overhead expenses. City water with septic system. Separate electric meters. Long-term investment potential. Affordable housing market continues to grow in Pasco County. Hard-to-find multi unit set up not easily duplicated today. Excellent opportunity for investor, cash-flower buyer, or owner, investor. Property includes: 3 bedroom/ 2 bath mobile home plus 2 bed 2 bath mobile , one tax parcel with 2 income producing units. 5820 and 5824 OLIVE DR New Port Richey, FL owned land, no lot rent! 2 separate tenants in place. Clean updated interiors, washer/dryers stable tenants, large parking area.
Facts & features
The home at a glance
5
Bedrooms
4
Bathrooms
1,264
Sqft
0.12 ac
Lot size
1971
Year built
One
Levels
$126
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,410 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,410/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs New Port Richey actives
$126 vs $194
Days on market
89 vs 66 typical
Where $126/sqft sits among the 400 New Port Richey actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
The numbers that matter
The New Port Richey market
$284K → $280K
New Port Richey median sold, yr/yr
96.5%
Sale-to-list ratio (12 mo)
218 of 400
New Port Richey actives have cut their price
Median sold price, New Port Richey, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 43% below the New Port Richey median. See the full New Port Richey market guide →
Paper trail
This home's history
Reality check
What actually sold near 5820 OLIVE DRIVE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’26$310,000
5714 OLIVE DRIVE · same community
3 bd · 2 ba · 1,586 sqft · $195/sqft · 3 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Iain Robinson
Broker Associate · CENTURY 21 Edge
Tours, negotiation, and every question about 5820 OLIVE DRIVE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 5820 OLIVE DRIVE — before you fall in love.
See it in person
Schedule a tour
Live availability from Iain's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
5820 OLIVE DRIVE FAQs
What would the monthly payment be for 5820 OLIVE DRIVE?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $1,410/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 5820 OLIVE DRIVE?+
The most recent tax bill on record (2025) was $1,051. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in New Port Richey?+
At $159,000, this home is listed about 43% below the New Port Richey median of $279,900. The market section on this page shows how the area is trending.
Keep looking
Similar homes nearby
Listing courtesy of STAR BAY REALTY CORP. · Gina Rooney. MLS #TB8532818.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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