1602 Lennox Rd E #1602Palm HarborFL34683
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 Palm Harbor at 1602 Lennox Rd E #1602, Palm Harbor, FL, 34683 offers a 10.16% rental yield on a $254,900 purchase with $2,158/mo rent. Total monthly income registers $2,158/mo, and a $1,248/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,593/yr on $84,499 to close, and return on cash invested stands at 26.53% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,424 over five years. Portfolio math shows five-year ROI at 138.99% and total cumulative return in cash at $117,444. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,158/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34683, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,757 (100%) |
| Owner Occupied HU | 11,743 (70.1%) |
| Renter Occupied HU | 3,060 (18.3%) |
| Vacant Housing Units | 1,954 (11.7%) |
| Median Home Value | $476,669 |
| Average Home Value | $538,671 |
Housing Distribution
Address Breakdown
Residential
14,234
Single Family
12,031
Multi-Family
2,203
Businesses
572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Erlinda Soto-King • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8409889