515 Barbara Way #16Tarpon 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 515 Barbara Way #16, Tarpon Springs, FL, 34689 offers a 9.29% rental yield on a $105,900 purchase with $820/mo rent. Total monthly income registers $820/mo, and a $518/mo payment leaves $118/mo available for distribution. Annual cash flow reaches $1,411/yr on $35,106 to close, and return on cash invested stands at 23.93% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 125.03% and total cumulative return in cash at $43,892. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $820/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
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: #11203188