15 Ilex StAlvaFL33920
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
Investment Highlights
Rental property for sale in Alva at 15 Ilex St, Alva, FL, 33920 offers $1,162/mo rent that, after a $744/mo payment, leaves $153/mo cash flow. Total monthly income is $1,162/mo, and annual cash flow is $1,839/yr on $50,388 cash. Return on cash invested measures 23.56% in year one, and rental yield stands at 9.17% at a $152,000 entry. Equity gained on principal adds $981/yr while 5% annual appreciation compounds into $41,995 by year five. Five-year ROI records 123.07% and total cumulative return in cash reaches $62,014. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,162/mo property income versus a $744/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1983
4,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33920, Alva, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,574 (100%) |
| Owner Occupied HU | 2,800 (78.3%) |
| Renter Occupied HU | 342 ( 9.6%) |
| Vacant Housing Units | 432 (12.1%) |
| Median Home Value | $518,293 |
| Average Home Value | $634,313 |
Housing Distribution
Address Breakdown
Residential
4,026
Single Family
3,831
Multi-Family
195
Businesses
167
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