515 W Ross AveTampaFL33602
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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 Tampa at 515 W Ross Ave, Tampa, FL, 33602 priced at $795,000 converts $5,640/mo rent into $364/mo cash flow after a $3,891/mo obligation. Total monthly income equals $5,640/mo, and annual cash flow totals $4,372/yr on $261,555 invested. Return on cash invested prints 21.73% in year one, and rental yield reads 8.51% against a $795,000 entry. Equity gained on principal adds $5,130/yr, while 5% annual appreciation compiles into $219,644 by year five. Five-year ROI reaches 113.18% and total cumulative return in cash sums $296,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,640/mo property income covering a $3,891/mo payment, not borrower’s personal income.
Single Family
Built in 1927
6,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33602, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,647 (100%) |
| Owner Occupied HU | 3,492 (22.3%) |
| Renter Occupied HU | 10,231 (65.4%) |
| Vacant Housing Units | 1,924 (12.3%) |
| Median Home Value | $593,952 |
| Average Home Value | $658,703 |
Housing Distribution
Address Breakdown
Residential
13,371
Single Family
2,617
Multi-Family
10,754
Businesses
1,390
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