3023 Spring Oak AvePalm HarborFL34684
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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
Rental property for sale in Palm Harbor at 3023 Spring Oak Ave, Palm Harbor, FL, 34684 generates $5,586/mo in rent and, after a $2,912/mo payment, leaves $1,574/mo in cash flow. Total monthly income is $5,586/mo, and annual cash flow is $18,885/yr on $195,755 invested. Return on cash invested sits at 29.71% in year one, and rental yield is 11.27% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 156.09% and total cumulative return in cash sums $305,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,586/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
7,105 sqft lot
$N/A/sqft
$64 monthly HOA
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Listed by: Michelle Johnston • LIPPLY REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8315820
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511