656 Windrush Bay Dr #656Tarpon 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 656 Windrush Bay Dr #656, Tarpon Springs, FL, 34689 generates $2,330/mo in rent, after a $1,591/mo payment. Total monthly income is $2,330/mo. Return on cash invested sits at 15.53% in year one, and rental yield is 8.6% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 82.23% and total cumulative return in cash sums $88,597. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,330/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$566 monthly 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: Kim Adams • RE/MAX ELITE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8452827
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511