1623 Morning Dove LnTarpon 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 1623 Morning Dove Ln, Tarpon Springs, FL, 34688 uses $129,285 cash to close to unlock $6,873/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $3,161/mo, and a $1,909/mo payment keeps the spread at $573/mo. Purchase price stands at $390,000, and rental yield measures 9.73% with $3,161/mo rent. Return on cash invested shows 25.23% in year one, and 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 131.94% and total cumulative return in cash records $170,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,161/mo property income covering a $1,909/mo payment rather than investor’s personal income.
Townhouse
Built in 1998
2,775 sqft 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: Jennifer McDonnell • REALTY EXPERTS ASSOCIATES
Mls Name: Stellar MLS
Mls ID: #TB8417590