527 Spring Lake CirTarpon SpringsFL34688
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Nearby investment properties with comparable prices
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 527 Spring Lake Cir, Tarpon Springs, FL, 34688 priced at $359,000 converts $3,197/mo rent into $815/mo cash flow after a $1,757/mo obligation. Total monthly income equals $3,197/mo, and annual cash flow totals $9,777/yr on $119,009 invested. Return on cash invested prints 28.12% in year one, and rental yield reads 10.69% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 147.49% and total cumulative return in cash sums $175,531. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,197/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
2,339 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34688, Tarpon Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,635 (100%) |
| Owner Occupied HU | 3,058 (84.1%) |
| Renter Occupied HU | 257 ( 7.1%) |
| Vacant Housing Units | 320 ( 8.8%) |
| Median Home Value | $546,450 |
| Average Home Value | $574,463 |
Housing Distribution
Address Breakdown
Residential
3,626
Single Family
3,427
Multi-Family
199
Businesses
540
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Listed by: Stephen Hachey • FLAT FEE MLS REALTY
Mls Name: Stellar MLS
Mls ID: #TB8412248