1068 E Michigan St APT AOrlandoFL32806
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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 Orlando at 1068 E Michigan St APT A, Orlando, FL, 32806 priced at $259,900 pairs $1,841/mo rent with $116/mo cash flow after a $1,272/mo payment. Total monthly income equals $1,841/mo, and annual cash flow comes to $1,396/yr on $86,157 invested. Return on cash invested is 21.53% in year one, and rental yield stands at 8.5% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 112.15% and total cumulative return in cash reaches $96,622. For financing, Ziffy Mortgage’s DSCR program evaluates $1,841/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
1 sqft lot
$N/A/sqft
No 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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