1623 Explorers DrTarpon 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
Investment property for sale in Tarpon Springs at 1623 Explorers Dr, Tarpon Springs, FL, 34689 uses $142,512 cash to close to unlock $4,527/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $3,230/mo, and a $2,104/mo payment keeps the spread at $377/mo. Purchase price stands at $429,900, and rental yield measures 9.02% with $3,230/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 120.48% and total cumulative return in cash records $171,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,230/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1987
10,603 sqft 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: Marcus Howard • REALNET BROKERAGE
Mls Name: Stellar MLS
Mls ID: #TB8409394