1531 Placida Rd #8-101EnglewoodFL34223
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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 Englewood at 1531 Placida Rd #8-101, Englewood, FL, 34223 listed at $194,500 pairs $1,543/mo rent with a $952/mo payment to leave $252/mo cash flow. Total monthly income runs $1,543/mo, and annual cash flow reaches $3,027/yr on $64,477 cash to close. Return on cash invested measures 24.6% in year one, and rental yield registers 9.52% at a $194,500 basis. Equity gained on principal adds $1,255/yr, and annual property appreciation at 5% supports $53,737 by year five. Five-year ROI tracks 128.67% and total cumulative return in cash totals $82,965. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,543/mo property income relative to a $952/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
1,131 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34223, Englewood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,549 (100%) |
| Owner Occupied HU | 10,404 (62.9%) |
| Renter Occupied HU | 1,637 ( 9.9%) |
| Vacant Housing Units | 4,508 (27.2%) |
| Median Home Value | $546,059 |
| Average Home Value | $631,986 |
Housing Distribution
Address Breakdown
Residential
13,691
Single Family
11,537
Multi-Family
2,154
Businesses
636
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