647 Fairmont Ave APT CSafety HarborFL34695
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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 Safety Harbor at 647 Fairmont Ave APT C, Safety Harbor, FL, 34695 offers $1,345/mo rent that, after a $857/mo payment, leaves $183/mo cash flow. Total monthly income is $1,345/mo, and annual cash flow is $2,199/yr on $58,012 cash. Return on cash invested measures 23.7% in year one, and rental yield stands at 9.22% at a $174,999 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 123.81% and total cumulative return in cash reaches $71,827. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,345/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34695, Safety Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,553 (100%) |
| Owner Occupied HU | 6,746 (78.9%) |
| Renter Occupied HU | 1,244 (14.5%) |
| Vacant Housing Units | 563 ( 6.6%) |
| Median Home Value | $482,759 |
| Average Home Value | $517,301 |
Housing Distribution
Address Breakdown
Residential
8,198
Single Family
8,060
Multi-Family
138
Businesses
760
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Listed by: Jarod Brewer • RE/MAX ACTION FIRST OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #TB8387158