1708 Lake Cypress Dr #1805Safety HarborFL34695
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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 Safety Harbor at 1708 Lake Cypress Dr #1805, Safety Harbor, FL, 34695 generates $2,412/mo in rent and, after a $1,463/mo payment, leaves $428/mo in cash flow. Total monthly income is $2,412/mo, and annual cash flow is $5,139/yr on $99,119 invested. Return on cash invested sits at 25.09% in year one, and rental yield is 9.68% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 131.26% and total cumulative return in cash sums $130,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,412/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34695, Safety Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,553 (100%) |
| Owner Occupied HU | 6,746 (78.9%) |
| Renter Occupied HU | 1,244 (14.5%) |
| Vacant Housing Units | 563 ( 6.6%) |
| Median Home Value | $482,759 |
| Average Home Value | $517,301 |
Housing Distribution
Address Breakdown
Residential
8,198
Single Family
8,060
Multi-Family
138
Businesses
760
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Listed by: Bonnie Mickles • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8459990