3114 Lake Pine Way APT B2Tarpon 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 3114 Lake Pine Way APT B2, Tarpon Springs, FL, 34688 uses $75,914 cash to close to unlock $8,054/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $2,191/mo, and a $1,121/mo payment keeps the spread at $671/mo. Purchase price stands at $229,000, and rental yield measures 11.48% with $2,191/mo rent. Return on cash invested shows 30.52% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 160.37% and total cumulative return in cash records $121,745. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A 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: JoAnne O'Brien • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #TB8451823