21103 Patio View Ct UNIT 3305LutzFL33558
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 21103 Patio View Ct UNIT 3305, Lutz, FL, 33558 in Lutz achieves 1.69, rent of $2,083/mo covers the $1,234/mo payment 1.5x over at $274,500. Rental yield 9.11%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $75,839 over five years, with $2,528/yr in principal reduction bringing total projected return to $94,927.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.0% |
| Monthly Cash Flow | $(180) | $350 |
City averages based on Lutz market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,083 |
| Total Monthly Debt Service | $2,154 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
6.38 Acres lot
$N/A/sqft
$363 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33558, Lutz, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 8,542 (68.2%) |
| Renter Occupied HU | 3,153 (25.2%) |
| Vacant Housing Units | 826 ( 6.6%) |
| Median Home Value | $554,444 |
| Average Home Value | $600,790 |
Housing Distribution
Address Breakdown
Residential
12,245
Single Family
8,965
Multi-Family
3,280
Businesses
296
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
Condo
Built in 2002
6.38 Acres lot
$N/A/sqft
$363 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33558, Lutz, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,521 (100%) |
| Owner Occupied HU | 8,542 (68.2%) |
| Renter Occupied HU | 3,153 (25.2%) |
| Vacant Housing Units | 826 ( 6.6%) |
| Median Home Value | $554,444 |
| Average Home Value | $600,790 |
Housing Distribution
Address Breakdown
Residential
12,245
Single Family
8,965
Multi-Family
3,280
Businesses
296
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices