2270 Spruce Ln APT BPalm HarborFL34684
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Palm Harbor rental at 2270 Spruce Ln APT B, Palm Harbor, FL, 34684 sits in the solid-income band: 14.16% gross yield, $2,502/mo rent, $208/mo net after the $953/mo debt service, DSCR 2.63. Entry price of $212,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $58,572 and $1,953/yr in principal reduction bring total cumulative return to $98,079.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 6.8% |
| Monthly Cash Flow | $208 | $250 |
City averages based on Palm Harbor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,502 |
| Total Monthly Debt Service | $2,210 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1978
N/A lot
$N/A/sqft
$863 monthly HOA
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
Single Family
Built in 1978
N/A lot
$N/A/sqft
$863 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Morillo LLC • REALTY ONE GROUP SUNSHINE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8398395
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