8345 Elgin DrPort RicheyFL34668
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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 Port Richey at 8345 Elgin Dr, Port Richey, FL, 34668 generates $2,092/mo in rent and, after a $1,223/mo payment, leaves $434/mo in cash flow. Total monthly income is $2,092/mo, and annual cash flow is $5,205/yr on $82,842 invested. Return on cash invested sits at 26.19% in year one, and rental yield is 10.05% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 137.12% and total cumulative return in cash sums $113,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34668, Port Richey, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,900 (100%) |
| Owner Occupied HU | 13,133 (54.9%) |
| Renter Occupied HU | 7,814 (32.7%) |
| Vacant Housing Units | 2,953 (12.4%) |
| Median Home Value | $179,517 |
| Average Home Value | $264,031 |
Housing Distribution
Address Breakdown
Residential
21,967
Single Family
20,116
Multi-Family
1,851
Businesses
1,063
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Listed by: Bev Hudock • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #W7878540