428 Klosterman Rd WPalm HarborFL34683
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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 Palm Harbor at 428 Klosterman Rd W, Palm Harbor, FL, 34683 priced at $639,000 converts $4,525/mo rent into $284/mo cash flow after a $3,128/mo obligation. Total monthly income equals $4,525/mo, and annual cash flow totals $3,409/yr on $210,231 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 8.5% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 112.92% and total cumulative return in cash sums $237,400. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,525/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34683, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,757 (100%) |
| Owner Occupied HU | 11,743 (70.1%) |
| Renter Occupied HU | 3,060 (18.3%) |
| Vacant Housing Units | 1,954 (11.7%) |
| Median Home Value | $476,669 |
| Average Home Value | $538,671 |
Housing Distribution
Address Breakdown
Residential
14,234
Single Family
12,031
Multi-Family
2,203
Businesses
572
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Listed by: Christina Paolillo • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8396848