510 Windrush Bay DrTarpon 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
Rental property for sale in Tarpon Springs at 510 Windrush Bay Dr, Tarpon Springs, FL, 34689 priced at $179,900 converts $1,433/mo rent into $239/mo cash flow after a $881/mo obligation. Total monthly income equals $1,433/mo, and annual cash flow totals $2,864/yr on $59,637 invested. Return on cash invested prints 24.71% in year one, and rental yield reads 9.56% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 129.2% and total cumulative return in cash sums $77,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,433/mo property income covering a $881/mo payment, not borrower’s personal income.
Condo
Built in 1976
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: Rich Henry • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8442583