1100 E Caroline St APT 218TavaresFL32778
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 1100 E Caroline St APT 218, Tavares, FL, 32778 in Tavares. At $134,000 it earns $1,680/mo in rent and distributes $252/mo to the owner after the $603/mo payment, a consistent 15.04% yield. DSCR 2.79 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $37,022 in value; $1,234/yr in principal paydown compounds ownership stake. Total projected return: $69,622.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 6.5% |
| Monthly Cash Flow | $252 | $400 |
City averages based on Tavares market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,680 |
| Total Monthly Debt Service | $1,375 |
| DSCR Ratio | 1.22x |
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.
Condo
Built in 1973
682 sqft lot
$N/A/sqft
$517 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32778, Tavares, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,028 (68.0%) |
| Renter Occupied HU | 2,520 (19.0%) |
| Vacant Housing Units | 1,734 (13.1%) |
| Median Home Value | $290,642 |
| Average Home Value | $332,532 |
Housing Distribution
Address Breakdown
Residential
12,348
Single Family
10,449
Multi-Family
1,899
Businesses
945
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
Condo
Built in 1973
682 sqft lot
$N/A/sqft
$517 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32778, Tavares, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,028 (68.0%) |
| Renter Occupied HU | 2,520 (19.0%) |
| Vacant Housing Units | 1,734 (13.1%) |
| Median Home Value | $290,642 |
| Average Home Value | $332,532 |
Housing Distribution
Address Breakdown
Residential
12,348
Single Family
10,449
Multi-Family
1,899
Businesses
945
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices