15402 Lake Magdalene BlvdTampaFL33613
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder15402 Lake Magdalene Blvd, Tampa, FL, 33613 in Tampa earns a respectable 7.97% gross yield at $489,000, but after the $2,199/mo mortgage the net cash flow is $2/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.48) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $135,102 over five years, making equity the dominant return driver. Total projected return: $186,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 3.0% |
| Monthly Cash Flow | $2 | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,247 |
| Total Monthly Debt Service | $3,051 |
| DSCR Ratio | 1.06x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33613, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,329 (100%) |
| Owner Occupied HU | 4,664 (25.4%) |
| Renter Occupied HU | 12,254 (66.9%) |
| Vacant Housing Units | 1,411 ( 7.7%) |
| Median Home Value | $417,346 |
| Average Home Value | $480,967 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
9,274
Multi-Family
6,038
Businesses
818
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
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33613, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,329 (100%) |
| Owner Occupied HU | 4,664 (25.4%) |
| Renter Occupied HU | 12,254 (66.9%) |
| Vacant Housing Units | 1,411 ( 7.7%) |
| Median Home Value | $417,346 |
| Average Home Value | $480,967 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
9,274
Multi-Family
6,038
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices