3861 Nottingham DrTarpon 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 3861 Nottingham Dr, Tarpon Springs, FL, 34688 generates $3,289/mo in rent and, after a $2,393/mo payment, leaves $44/mo in cash flow. Total monthly income is $3,289/mo, and annual cash flow is $532/yr on $162,104 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 8.07% on a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 105.2% and total cumulative return in cash sums $170,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,289/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
6,247 sqft 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: Stephanie Slavick • RE/MAX ACTION FIRST OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #TB8422079