2981 Northfield DrTarpon SpringsFL34688
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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 Tarpon Springs at 2981 Northfield Dr, Tarpon Springs, FL, 34688 earns $678/mo cash flow from $7,110/mo rent with a $4,744/mo payment. Total monthly income totals $7,110/mo, and annual cash flow totals $8,134/yr on $318,900 capital. ROI tracks 22.61% on current figures, and rental yield reads 8.8% at a $969,300 purchase. Equity gained on principal adds $6,255/yr, and 5% annual appreciation supports $267,800 over five years. Five-year ROI reaches 117.88% and total cumulative return in cash sums $375,925. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,110/mo property income instead of your personal income.
Single Family
Built in 2002
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34688, Tarpon Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,635 (100%) |
| Owner Occupied HU | 3,058 (84.1%) |
| Renter Occupied HU | 257 ( 7.1%) |
| Vacant Housing Units | 320 ( 8.8%) |
| Median Home Value | $546,450 |
| Average Home Value | $574,463 |
Housing Distribution
Address Breakdown
Residential
3,626
Single Family
3,427
Multi-Family
199
Businesses
540
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Listed by: John Suleiman • ENGEL & VOLKERS ST. PETE
Mls Name: Stellar MLS
Mls ID: #TB8351679