118 Wax Myrtle DrSanfordFL32773
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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 Sanford at 118 Wax Myrtle Dr, Sanford, FL, 32773 uses $108,467 cash to close to unlock $450/yr annual cash flow and $38/mo monthly cash flow. Total monthly income runs $2,258/mo, and a $1,601/mo payment keeps the spread at $38/mo. Purchase price stands at $327,200, and rental yield measures 8.28% with $2,258/mo rent. Return on cash invested shows 20.32% in year one, and 5% annual appreciation builds toward $90,399 over five years. Five-year ROI reaches 105.86% and total cumulative return in cash records $114,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,258/mo property income covering a $1,601/mo payment rather than investor’s personal income.
Single Family
Built in 1984
8,407 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32773, Sanford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 8,027 (57.3%) |
| Renter Occupied HU | 5,226 (37.3%) |
| Vacant Housing Units | 755 ( 5.4%) |
| Median Home Value | $337,016 |
| Average Home Value | $357,944 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
9,064
Multi-Family
4,001
Businesses
733
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