4042 Mermoor CtPalm HarborFL34685
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 4042 Mermoor Ct, Palm Harbor, FL, 34685 in Palm Harbor clears it at 1.60, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.64%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $93,867; $3,129/yr in principal equity; total projected return: $116,629.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.8% |
| Monthly Cash Flow | $(229) | $250 |
City averages based on Palm Harbor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,446 |
| Total Monthly Debt Service | $2,539 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1988
6,312 sqft lot
$N/A/sqft
$420 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
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
Single Family
Built in 1988
6,312 sqft lot
$N/A/sqft
$420 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Fazzini • RE/MAX REALTEC GROUP INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8413279
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511