1250 S Pinellas Ave APT 403Tarpon SpringsFL34689
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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 Tarpon Springs at 1250 S Pinellas Ave APT 403, Tarpon Springs, FL, 34689 generates $1,002/mo in rent and, after a $612/mo payment, leaves $172/mo in cash flow. Total monthly income is $1,002/mo, and annual cash flow is $2,067/yr on $41,438 invested. Return on cash invested sits at 24.9% in year one, and rental yield is 9.62% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 130.27% and total cumulative return in cash sums $53,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,002/mo property income rather than buyer’s personal income.
Condo
Built in 1974
6.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34689, Tarpon Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 9,563 (65.6%) |
| Renter Occupied HU | 3,270 (22.4%) |
| Vacant Housing Units | 1,749 (12.0%) |
| Median Home Value | $413,778 |
| Average Home Value | $503,375 |
Housing Distribution
Address Breakdown
Residential
13,872
Single Family
11,772
Multi-Family
2,100
Businesses
1,242
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Listed by: Kallie Hilyard • FLORIDA PROPERTIES DIVERSIFIED
Mls Name: Stellar MLS
Mls ID: #TB8454904