406 S Cedar Ave #408TampaFL33606
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 Tampa at 406 S Cedar Ave #408, Tampa, FL, 33606 generates $2,885/mo in rent and, after a $1,605/mo payment, leaves $709/mo in cash flow. Total monthly income is $2,885/mo, and annual cash flow is $8,505/yr on $108,732 invested. Return on cash invested sits at 27.73% in year one, and rental yield is 10.55% on a $328,000 entry. Equity gained on principal adds $2,117/yr, while 5% annual appreciation builds toward $90,620 over five years. Five-year ROI reaches 145.38% and total cumulative return in cash sums $158,071. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,885/mo property income rather than buyer’s personal income.
Condo
Built in 1963
2 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices