3161 Lake Pine Way S APT F3Tarpon SpringsFL34688
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3161 Lake Pine Way S APT F3, Tarpon Springs, FL, 34688 offers a 11.52% rental yield on a $200,000 purchase with $1,920/mo rent. Total monthly income registers $1,920/mo, and a $979/mo payment leaves $593/mo available for distribution. Annual cash flow reaches $7,112/yr on $66,300 to close, and return on cash invested stands at 30.64% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 160.97% and total cumulative return in cash at $106,724. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Heckler • HECKLER REALTY GROUP LLC
Mls Name: Stellar MLS
Mls ID: #TB8470796