1127 Pine Ridge Cir W APT A2Tarpon SpringsFL34688
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
Investment Highlights
Rental property for sale in Tarpon Springs at 1127 Pine Ridge Cir W APT A2, Tarpon Springs, FL, 34688 generates $1,488/mo in rent and, after a $935/mo payment, leaves $220/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $2,644/yr on $63,317 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 9.35% on a $191,000 entry. Equity gained on principal adds $1,232/yr, while 5% annual appreciation builds toward $52,770 over five years. Five-year ROI reaches 125.89% and total cumulative return in cash sums $79,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34688, Tarpon Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,635 (100%) |
| Owner Occupied HU | 3,058 (84.1%) |
| Renter Occupied HU | 257 ( 7.1%) |
| Vacant Housing Units | 320 ( 8.8%) |
| Median Home Value | $546,450 |
| Average Home Value | $574,463 |
Housing Distribution
Address Breakdown
Residential
3,626
Single Family
3,427
Multi-Family
199
Businesses
540
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathleen Smith • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #TB8442544