3382 Mermoor Dr #3102Palm HarborFL34685
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 3382 Mermoor Dr #3102, Palm Harbor, FL, 34685 in Palm Harbor: $2,364/mo in rent, $763/mo net, 12.2% gross yield, all on a $232,500 acquisition. The 2.26 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $64,235 in value, and $2,141/yr in principal paydown steadily builds equity. Projected total cumulative return: $138,051.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 6.8% |
| Monthly Cash Flow | $763 | $250 |
City averages based on Palm Harbor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,364 |
| Total Monthly Debt Service | $1,508 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
N/A lot
$N/A/sqft
$58 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34685, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,863 (100%) |
| Owner Occupied HU | 5,509 (70.1%) |
| Renter Occupied HU | 1,932 (24.6%) |
| Vacant Housing Units | 422 ( 5.4%) |
| Median Home Value | $580,984 |
| Average Home Value | $635,364 |
Housing Distribution
Address Breakdown
Residential
7,732
Single Family
5,257
Multi-Family
2,475
Businesses
178
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
Condo
Built in 1993
N/A lot
$N/A/sqft
$58 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34685, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,863 (100%) |
| Owner Occupied HU | 5,509 (70.1%) |
| Renter Occupied HU | 1,932 (24.6%) |
| Vacant Housing Units | 422 ( 5.4%) |
| Median Home Value | $580,984 |
| Average Home Value | $635,364 |
Housing Distribution
Address Breakdown
Residential
7,732
Single Family
5,257
Multi-Family
2,475
Businesses
178
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices