387 Bridle Path WayTarpon SpringsFL34688
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
Investment Highlights
Rental property for sale in Tarpon Springs at 387 Bridle Path Way, Tarpon Springs, FL, 34688 priced at $624,999 pairs $4,387/mo rent with $239/mo cash flow after a $3,059/mo payment. Total monthly income equals $4,387/mo, and annual cash flow comes to $2,874/yr on $205,625 invested. Return on cash invested is 21.46% in year one, and rental yield stands at 8.42% on a $624,999 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 111.71% and total cumulative return in cash reaches $229,704. For financing, Ziffy Mortgage’s DSCR program evaluates $4,387/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
9,100 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: Vanessa Leonard • KELLER WILLIAMS REALTY- PALM H
Mls Name: Stellar MLS
Mls ID: #TB8427878