405 Chippewa AveTampaFL33606
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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 Tampa at 405 Chippewa Ave, Tampa, FL, 33606 priced at $650,000 converts $4,938/mo rent into $625/mo cash flow after a $3,181/mo obligation. Total monthly income equals $4,938/mo, and annual cash flow totals $7,499/yr on $213,850 invested. Return on cash invested prints 23.57% in year one, and rental yield reads 9.12% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. Five-year ROI reaches 123.01% and total cumulative return in cash sums $263,054. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,938/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Townhouse
Built in 1976
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33606, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,087 (100%) |
| Owner Occupied HU | 4,274 (38.5%) |
| Renter Occupied HU | 5,727 (51.7%) |
| Vacant Housing Units | 1,086 ( 9.8%) |
| Median Home Value | $842,522 |
| Average Home Value | $1,009,283 |
Housing Distribution
Address Breakdown
Residential
10,738
Single Family
5,560
Multi-Family
5,178
Businesses
1,082
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