1037 Normandy Trace RdTampaFL33602
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1037 Normandy Trace Rd, Tampa, FL, 33602 in Tampa carries a 1.65 coverage ratio, rent of $4,338/mo is 1.65 times the $2,631/mo payment. Rental yield 8.9%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $585,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $161,625; total projected cumulative return: $208,875.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 3.0% |
| Monthly Cash Flow | $(268) | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,338 |
| Total Monthly Debt Service | $4,373 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1991
2 sqft lot
$N/A/sqft
$724 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33602, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,647 (100%) |
| Owner Occupied HU | 3,492 (22.3%) |
| Renter Occupied HU | 10,231 (65.4%) |
| Vacant Housing Units | 1,924 (12.3%) |
| Median Home Value | $593,952 |
| Average Home Value | $658,703 |
Housing Distribution
Address Breakdown
Residential
13,371
Single Family
2,617
Multi-Family
10,754
Businesses
1,390
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 1991
2 sqft lot
$N/A/sqft
$724 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33602, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,647 (100%) |
| Owner Occupied HU | 3,492 (22.3%) |
| Renter Occupied HU | 10,231 (65.4%) |
| Vacant Housing Units | 1,924 (12.3%) |
| Median Home Value | $593,952 |
| Average Home Value | $658,703 |
Housing Distribution
Address Breakdown
Residential
13,371
Single Family
2,617
Multi-Family
10,754
Businesses
1,390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices