1004 Norfork Island Ct #28Sun City CenterFL33573
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt $229,000, 1004 Norfork Island Ct #28, Sun City Center, FL, 33573 in Sun City Center generates $2,318/mo in rent (12.15% yield) but nets only $84/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (2.25) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $63,268. Total projected return: $95,778.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.0% |
| Monthly Cash Flow | $84 | $1,500 |
City averages based on Sun City Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,318 |
| Total Monthly Debt Service | $2,144 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1996
2,111 sqft lot
$N/A/sqft
$715 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33573, Sun City Center, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 14,125 (71.6%) |
| Renter Occupied HU | 3,322 (16.8%) |
| Vacant Housing Units | 2,285 (11.6%) |
| Median Home Value | $359,854 |
| Average Home Value | $400,076 |
Housing Distribution
Address Breakdown
Residential
19,129
Single Family
16,660
Multi-Family
2,469
Businesses
322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1996
2,111 sqft lot
$N/A/sqft
$715 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33573, Sun City Center, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,732 (100%) |
| Owner Occupied HU | 14,125 (71.6%) |
| Renter Occupied HU | 3,322 (16.8%) |
| Vacant Housing Units | 2,285 (11.6%) |
| Median Home Value | $359,854 |
| Average Home Value | $400,076 |
Housing Distribution
Address Breakdown
Residential
19,129
Single Family
16,660
Multi-Family
2,469
Businesses
322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra Bergman • ALIGN RIGHT REALTY SOUTH SHORE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8373259
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