2835 Somerset Park Dr APT 204TampaFL33613
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2835 Somerset Park Dr APT 204, Tampa, FL, 33613 in Tampa is a solid income-producing rental, 13.66% gross yield, $1,820/mo rent, $314/mo net cash flow on a $159,900 buy. DSCR 2.53 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $44,177 and $1,473/yr in principal reduction project a total cumulative return of $83,107.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.7% | 3.0% |
| Monthly Cash Flow | $314 | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,820 |
| Total Monthly Debt Service | $1,443 |
| DSCR Ratio | 1.26x |
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.
Condo
Built in 1974
871 sqft lot
$N/A/sqft
$406 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33613, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,329 (100%) |
| Owner Occupied HU | 4,664 (25.4%) |
| Renter Occupied HU | 12,254 (66.9%) |
| Vacant Housing Units | 1,411 ( 7.7%) |
| Median Home Value | $417,346 |
| Average Home Value | $480,967 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
9,274
Multi-Family
6,038
Businesses
818
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 1974
871 sqft lot
$N/A/sqft
$406 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33613, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,329 (100%) |
| Owner Occupied HU | 4,664 (25.4%) |
| Renter Occupied HU | 12,254 (66.9%) |
| Vacant Housing Units | 1,411 ( 7.7%) |
| Median Home Value | $417,346 |
| Average Home Value | $480,967 |
Housing Distribution
Address Breakdown
Residential
15,312
Single Family
9,274
Multi-Family
6,038
Businesses
818
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices