7408 S Elliott StTampaFL33616
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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 Tampa at 7408 S Elliott St, Tampa, FL, 33616 with 5% annual appreciation on a $275,000 basis while $1,948/mo rent supports operations. Total monthly income totals $1,948/mo and a $1,346/mo payment preserves $123/mo for cash returns. Annual cash flow comes to $1,476/yr on $91,163 deployed, and return on cash invested reaches 21.53% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 8.5%. Five-year ROI measures 112.16% and total cumulative return in cash totals $102,251.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,948/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33616, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,168 (100%) |
| Owner Occupied HU | 3,371 (36.8%) |
| Renter Occupied HU | 5,035 (54.9%) |
| Vacant Housing Units | 762 ( 8.3%) |
| Median Home Value | $435,627 |
| Average Home Value | $495,780 |
Housing Distribution
Address Breakdown
Residential
7,861
Single Family
4,800
Multi-Family
3,061
Businesses
101
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