507 Cary Ln #172Tarpon SpringsFL34689
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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 Tarpon Springs at 507 Cary Ln #172, Tarpon Springs, FL, 34689 earns $229/mo cash flow from $1,390/mo rent with a $856/mo payment. Total monthly income totals $1,390/mo, and annual cash flow totals $2,753/yr on $57,979 capital. ROI tracks 24.66% on current figures, and rental yield reads 9.54% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 128.94% and total cumulative return in cash sums $74,760. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,390/mo property income instead of your personal income.
Manufactured
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34689, Tarpon Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,582 (100%) |
| Owner Occupied HU | 9,563 (65.6%) |
| Renter Occupied HU | 3,270 (22.4%) |
| Vacant Housing Units | 1,749 (12.0%) |
| Median Home Value | $413,778 |
| Average Home Value | $503,375 |
Housing Distribution
Address Breakdown
Residential
13,872
Single Family
11,772
Multi-Family
2,100
Businesses
1,242
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Listed by: Sandra Bergman • Cove Communities
Mls Name: My State MLS
Mls ID: #11606290