1218 Gillespie Dr NPalm HarborFL34684
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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 Palm Harbor at 1218 Gillespie Dr N, Palm Harbor, FL, 34684 generates $3,522/mo in rent and, after a $2,031/mo payment, leaves $478/mo in cash flow. Total monthly income is $3,522/mo, and annual cash flow is $5,736/yr on $137,573 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 10.18% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 126.69% and total cumulative return in cash sums $174,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,522/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
7,379 sqft lot
$N/A/sqft
$164 monthly HOA
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Listed by: Collette Seitz • ENGEL & VOLKERS ST. PETE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8376741
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511