1615 E 5th Ave APT 1TampaFL33605
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 Tampa at 1615 E 5th Ave APT 1, Tampa, FL, 33605 uses $134,258 cash to close to unlock $2,323/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $2,881/mo, and a $1,982/mo payment keeps the spread at $194/mo. Purchase price stands at $405,000, and rental yield measures 8.54% with $2,881/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 112.71% and total cumulative return in cash records $151,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,881/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 2005
2 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33605, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,631 (100%) |
| Owner Occupied HU | 2,965 (34.4%) |
| Renter Occupied HU | 4,781 (55.4%) |
| Vacant Housing Units | 885 (10.3%) |
| Median Home Value | $264,721 |
| Average Home Value | $325,034 |
Housing Distribution
Address Breakdown
Residential
7,655
Single Family
5,702
Multi-Family
1,953
Businesses
1,148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices