8739 Waterway DrTampaFL33635
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.59% yield at 8739 Waterway Dr, Tampa, FL, 33635 in Tampa is solid, but the $641/mo payment compresses net cash flow to $193/mo at $142,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $39,370 by year five, and $1,312/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.78) without U.S. income documentation. Total projected return: $66,749.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 3.0% |
| Monthly Cash Flow | $193 | $350 |
City averages based on Tampa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,139 |
| Total Monthly Debt Service | $889 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33635, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,957 (100%) |
| Owner Occupied HU | 4,794 (60.2%) |
| Renter Occupied HU | 2,860 (35.9%) |
| Vacant Housing Units | 303 ( 3.8%) |
| Median Home Value | $354,598 |
| Average Home Value | $366,168 |
Housing Distribution
Address Breakdown
Residential
7,738
Single Family
4,796
Multi-Family
2,942
Businesses
261
Nearby investment properties with comparable rents
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
Manufactured
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33635, Tampa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,957 (100%) |
| Owner Occupied HU | 4,794 (60.2%) |
| Renter Occupied HU | 2,860 (35.9%) |
| Vacant Housing Units | 303 ( 3.8%) |
| Median Home Value | $354,598 |
| Average Home Value | $366,168 |
Housing Distribution
Address Breakdown
Residential
7,738
Single Family
4,796
Multi-Family
2,942
Businesses
261
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices