15809 Berea DrOdessaFL33556
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 15809 Berea Dr, Odessa, FL, 33556 in Odessa is narrow, $119/mo net on $5,276/mo rent after the $3,462/mo debt service, but the property operates at break-even-plus, not a loss. At $769,950 with a 8.22% yield, the long-run equity case via 5% appreciation ($212,723 over five years) and $7,091/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.52 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $301,287.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $119 | $500 |
City averages based on Odessa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,276 |
| Total Monthly Debt Service | $4,851 |
| DSCR Ratio | 1.09x |
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 2001
10,000 sqft lot
$N/A/sqft
$48 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 2001
10,000 sqft lot
$N/A/sqft
$48 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