3023 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 3023 Northfield Dr, Tarpon Springs, FL, 34688 listed at $599,000 pairs $4,765/mo rent with a $2,932/mo payment to leave $790/mo cash flow. Total monthly income runs $4,765/mo, and annual cash flow reaches $9,477/yr on $197,071 cash to close. Return on cash invested measures 24.87% in year one, and rental yield registers 9.55% at a $599,000 basis. Equity gained on principal adds $3,865/yr, and annual property appreciation at 5% supports $165,493 by year five. Five-year ROI tracks 130% and total cumulative return in cash totals $256,186. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,765/mo property income relative to a $2,932/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2002
10,119 sqft 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: Michael Jimenez • HOUSE OF GLASS REAL ESTATE PM
Mls Name: Stellar MLS
Mls ID: #L4954175