1646 Castlewood LnPalm HarborFL34683
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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
Rental property for sale in Palm Harbor at 1646 Castlewood Ln, Palm Harbor, FL, 34683 generates $4,726/mo in rent and, after a $3,108/mo payment, leaves $512/mo in cash flow. Total monthly income is $4,726/mo, and annual cash flow is $6,147/yr on $208,882 invested. Return on cash invested sits at 23% in year one, and rental yield is 8.93% on a $634,900 entry. Equity gained on principal adds $4,097/yr, while 5% annual appreciation builds toward $175,411 over five years. Five-year ROI reaches 120% and total cumulative return in cash sums $250,669. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,726/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
9,470 sqft 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
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Listed by: Elizabeth Finlay • KELLER WILLIAMS RLTY NEW TAMPA
Mls Name: Stellar MLS
Mls ID: #TB8417911