24704 Silversmith DrLutzFL33559
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.57% yield at 24704 Silversmith Dr, Lutz, FL, 33559 in Lutz is solid, but the $1,798/mo payment compresses net cash flow to $81/mo at $399,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $110,485 by year five, and $3,683/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.59) without U.S. income documentation. Total projected return: $158,197.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.0% |
| Monthly Cash Flow | $81 | $350 |
City averages based on Lutz market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,857 |
| Total Monthly Debt Service | $2,617 |
| DSCR Ratio | 1.09x |
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 1989
7,500 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33559, Lutz, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,750 (100%) |
| Owner Occupied HU | 3,993 (51.5%) |
| Renter Occupied HU | 3,182 (41.1%) |
| Vacant Housing Units | 575 ( 7.4%) |
| Median Home Value | $438,365 |
| Average Home Value | $507,849 |
Housing Distribution
Address Breakdown
Residential
7,308
Single Family
5,780
Multi-Family
1,528
Businesses
486
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 1989
7,500 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33559, Lutz, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,750 (100%) |
| Owner Occupied HU | 3,993 (51.5%) |
| Renter Occupied HU | 3,182 (41.1%) |
| Vacant Housing Units | 575 ( 7.4%) |
| Median Home Value | $438,365 |
| Average Home Value | $507,849 |
Housing Distribution
Address Breakdown
Residential
7,308
Single Family
5,780
Multi-Family
1,528
Businesses
486
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices