3806 N Lake Dr UNIT 24TampaFL33614
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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 Tampa at 3806 N Lake Dr UNIT 24, Tampa, FL, 33614 offers a 15.75% rental yield on a $159,000 purchase with $2,087/mo rent. Total monthly income registers $2,087/mo, and a $778/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,239/yr on $52,709 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 133.23% and total cumulative return in cash at $70,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,087/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
435 sqft lot
$N/A/sqft
$835 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33614, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,597 (100%) |
| Owner Occupied HU | 8,137 (39.5%) |
| Renter Occupied HU | 11,692 (56.8%) |
| Vacant Housing Units | 768 ( 3.7%) |
| Median Home Value | $347,844 |
| Average Home Value | $437,356 |
Housing Distribution
Address Breakdown
Residential
19,732
Single Family
11,213
Multi-Family
8,519
Businesses
1,793
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