16604 Lake Heather DrTampaFL33618
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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 Tampa at 16604 Lake Heather Dr, Tampa, FL, 33618 offers a 7.34% rental yield on a $524,999 purchase with $3,211/mo rent. 16% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 94.03% and total cumulative return in cash at $162,416. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,211/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
6,180 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33618, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,927 (100%) |
| Owner Occupied HU | 8,047 (67.5%) |
| Renter Occupied HU | 3,357 (28.1%) |
| Vacant Housing Units | 523 ( 4.4%) |
| Median Home Value | $536,719 |
| Average Home Value | $594,964 |
Housing Distribution
Address Breakdown
Residential
12,019
Single Family
7,839
Multi-Family
4,180
Businesses
1,131
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