3399 Mermoor Dr APT 110Palm 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
Investment property for sale in Palm Harbor at 3399 Mermoor Dr APT 110, Palm Harbor, FL, 34685 uses $64,643 cash to close to unlock $2,764/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $954/mo payment keeps the spread at $230/mo. Purchase price stands at $195,000, and rental yield measures 9.38% with $1,524/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 126.42% and total cumulative return in cash records $81,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1985
0.84 Acres lot
$N/A/sqft
No 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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Listed by: Robert McCaffery • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #TB8351251