3382 Mermoor Dr #3102Palm HarborFL34685
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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 3382 Mermoor Dr #3102, Palm Harbor, FL, 34685 generates $2,364/mo in rent and, after a $1,138/mo payment, leaves $763/mo in cash flow. Total monthly income is $2,364/mo, and annual cash flow is $9,157/yr on $77,074 invested. Return on cash invested sits at 31.79% in year one, and rental yield is 12.2% on a $232,500 entry. Equity gained on principal adds $1,500/yr, while 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 167.53% and total cumulative return in cash sums $129,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,364/mo property income rather than buyer’s personal income.
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
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