800 Chesapeake Dr LOT 23Tarpon 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
Investment property for sale in Tarpon Springs at 800 Chesapeake Dr LOT 23, Tarpon Springs, FL, 34689 uses $56,024 cash to close to unlock $4,232/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $1,804/mo, and a $827/mo payment keeps the spread at $353/mo. Purchase price stands at $169,000, and rental yield measures 12.81% with $1,804/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 146.5% and total cumulative return in cash records $82,075. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,804/mo property income covering a $827/mo payment rather than investor’s personal income.
Manufactured
Built in 1971
7.24 Acres lot
$N/A/sqft
$330 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: #TB8402750
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