5040 Terrace Palms Cir UNIT 202TampaFL33617
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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
Investment property for sale in Tampa at 5040 Terrace Palms Cir UNIT 202, Tampa, FL, 33617 uses $51,383 cash to close to unlock $1,740/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,174/mo, and a $759/mo payment keeps the spread at $145/mo. Purchase price stands at $155,000, and rental yield measures 9.09% with $1,174/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 121.71% and total cumulative return in cash records $62,536. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,174/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33617, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,184 (100%) |
| Owner Occupied HU | 8,069 (38.1%) |
| Renter Occupied HU | 11,791 (55.7%) |
| Vacant Housing Units | 1,324 ( 6.2%) |
| Median Home Value | $384,202 |
| Average Home Value | $419,228 |
Housing Distribution
Address Breakdown
Residential
19,403
Single Family
16,148
Multi-Family
3,255
Businesses
1,012
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