2888 Bancroft Cir E UNIT 5BPalm HarborFL34683
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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
Investment Highlights
Investment property for sale in Palm Harbor at 2888 Bancroft Cir E UNIT 5B, Palm Harbor, FL, 34683 listed at $220,000 pairs $1,502/mo rent with a $1,077/mo payment to leave $42/mo cash flow. Total monthly income runs $1,502/mo, and annual cash flow reaches $502/yr on $72,930 cash to close. Return on cash invested measures 20.6% in year one, and rental yield registers 8.19% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 107.13% and total cumulative return in cash totals $78,131. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,502/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
2,705 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34683, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,757 (100%) |
| Owner Occupied HU | 11,743 (70.1%) |
| Renter Occupied HU | 3,060 (18.3%) |
| Vacant Housing Units | 1,954 (11.7%) |
| Median Home Value | $476,669 |
| Average Home Value | $538,671 |
Housing Distribution
Address Breakdown
Residential
14,234
Single Family
12,031
Multi-Family
2,203
Businesses
572
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Listed by: Walt Sieg • BAY REALTY GROUP INC
Mls Name: Stellar MLS
Mls ID: #TB8437020