1801 E Lake Rd APT 2FPalm HarborFL34685
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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 1801 E Lake Rd APT 2F, Palm Harbor, FL, 34685 generates $1,490/mo in rent and, after a $925/mo payment, leaves $236/mo in cash flow. Total monthly income is $1,490/mo, and annual cash flow is $2,830/yr on $62,654 invested. Return on cash invested sits at 24.43% in year one, and rental yield is 9.46% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 127.65% and total cumulative return in cash sums $79,978. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,490/mo property income rather than buyer’s personal income.
Condo
Built in 1985
3.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34685, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,863 (100%) |
| Owner Occupied HU | 5,509 (70.1%) |
| Renter Occupied HU | 1,932 (24.6%) |
| Vacant Housing Units | 422 ( 5.4%) |
| Median Home Value | $580,984 |
| Average Home Value | $635,364 |
Housing Distribution
Address Breakdown
Residential
7,732
Single Family
5,257
Multi-Family
2,475
Businesses
178
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Listed by: Jenine Loche • EPIQUE REALTY, INC.
Mls Name: Stellar MLS
Mls ID: #TB8406727