1064 E Michigan St APT BOrlandoFL32806
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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 Orlando at 1064 E Michigan St APT B, Orlando, FL, 32806 listed at $237,500 pairs $4,562/mo rent with a $1,162/mo payment to leave $2,257/mo cash flow. Total monthly income runs $4,562/mo, and annual cash flow reaches $27,088/yr on $78,731 cash to close. Return on cash invested measures 54.31% in year one, and rental yield registers 23.05% at a $237,500 basis. Equity gained on principal adds $1,533/yr, and annual property appreciation at 5% supports $65,617 by year five. Five-year ROI tracks 292% and total cumulative return in cash totals $229,893. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,562/mo property income relative to a $1,162/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
6,506 sqft lot
$N/A/sqft
$729 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32806, Orlando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 7,904 (61.6%) |
| Renter Occupied HU | 4,055 (31.6%) |
| Vacant Housing Units | 875 ( 6.8%) |
| Median Home Value | $498,144 |
| Average Home Value | $589,223 |
Housing Distribution
Address Breakdown
Residential
12,145
Single Family
10,217
Multi-Family
1,928
Businesses
1,230
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Listed by: Kim Gordon • COMPASS FLORIDA, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6222603
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