509 Carolyne StTemple TerraceFL33617
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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 Temple Terrace at 509 Carolyne St, Temple Terrace, FL, 33617 priced at $369,000 converts $3,104/mo rent into $655/mo cash flow after a $1,806/mo obligation. Total monthly income equals $3,104/mo, and annual cash flow totals $7,864/yr on $122,324 invested. Return on cash invested prints 26.34% in year one, and rental yield reads 10.09% against a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation compiles into $101,948 by year five. Five-year ROI reaches 137.92% and total cumulative return in cash sums $168,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,104/mo property income covering a $1,806/mo payment, not borrower’s personal income.
Single Family
Built in 1957
0.25 Acres 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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Listed by: Warren McGregor • MCGREGOR INTERNATIONAL REAL ESTATE CO
Mls Name: Stellar MLS
Mls ID: #A4680508