15615 Indian Queen DrOdessaFL33556
INVESTMENT ANALYSIS
Investment Verdict
Solid Income15615 Indian Queen Dr, Odessa, FL, 33556 in Odessa is a solid income-producing rental, 9.51% gross yield, $4,745/mo rent, $745/mo net cash flow on a $599,000 buy. DSCR 1.76 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $165,493 and $5,517/yr in principal reduction project a total cumulative return of $276,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $745 | $500 |
City averages based on Odessa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,745 |
| Total Monthly Debt Service | $3,762 |
| DSCR Ratio | 1.26x |
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.
Single Family
Built in 1990
0.27 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33556, Odessa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,814 (100%) |
| Owner Occupied HU | 11,715 (79.1%) |
| Renter Occupied HU | 1,911 (12.9%) |
| Vacant Housing Units | 1,188 ( 8.0%) |
| Median Home Value | $616,653 |
| Average Home Value | $692,848 |
Housing Distribution
Address Breakdown
Residential
14,720
Single Family
12,906
Multi-Family
1,814
Businesses
854
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
Single Family
Built in 1990
0.27 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33556, Odessa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,814 (100%) |
| Owner Occupied HU | 11,715 (79.1%) |
| Renter Occupied HU | 1,911 (12.9%) |
| Vacant Housing Units | 1,188 ( 8.0%) |
| Median Home Value | $616,653 |
| Average Home Value | $692,848 |
Housing Distribution
Address Breakdown
Residential
14,720
Single Family
12,906
Multi-Family
1,814
Businesses
854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brittany Turner • MIHARA & ASSOCIATES INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8387072
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