1345 Pine Ridge Cir E APT C2Tarpon 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
Investment property for sale in Tarpon Springs at 1345 Pine Ridge Cir E APT C2, Tarpon Springs, FL, 34688 listed at $224,995 pairs $2,090/mo rent with a $1,101/mo payment to leave $597/mo cash flow. Total monthly income runs $2,090/mo, and annual cash flow reaches $7,166/yr on $74,586 cash to close. Return on cash invested measures 29.52% in year one, and rental yield registers 11.15% at a $224,995 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,162 by year five. Five-year ROI tracks 154.99% and total cumulative return in cash totals $115,603. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,090/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Roy Kulp, PA • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8440350