3232 Lake Pine Way E APT G1Tarpon 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
Rental property for sale in Tarpon Springs at 3232 Lake Pine Way E APT G1, Tarpon Springs, FL, 34688 generates $904/mo in rent and, after a $587/mo payment, leaves $108/mo in cash flow. Total monthly income is $904/mo, and annual cash flow is $1,296/yr on $39,778 invested. Return on cash invested sits at 23.17% in year one, and rental yield is 9.04% on a $119,995 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,152 over five years. Five-year ROI reaches 120.86% and total cumulative return in cash sums $48,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $904/mo property income rather than buyer’s personal income.
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
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Listed by: Roy Kulp, PA • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8451574