2241 Shelly Dr APT D,Palm Harbor,FL,34684

Investment Highlights

Rental property for sale in Palm Harbor at 2241 Shelly Dr APT D, Palm Harbor, FL, 34684 priced at $213,900 converts $1,444/mo rent into $24/mo cash flow after a $1,047/mo obligation. Total monthly income equals $1,444/mo, and annual cash flow totals $294/yr on $70,908 invested. Return on cash invested prints 20.32% in year one, and rental yield reads 8.1% against a $213,900 entry. Equity gained on principal adds $1,380/yr, while 5% annual appreciation compiles into $59,097 by year five. Five-year ROI reaches 105.69% and total cumulative return in cash sums $74,944. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,444/mo property income covering a $1,047/mo payment, not borrower’s personal income.