1602 NW 20th CtOcalaFL34475
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
Investment property for sale in Ocala at 1602 NW 20th Ct, Ocala, FL, 34475 uses $56,355 cash to close to unlock $2,615/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $1,346/mo, and a $832/mo payment keeps the spread at $218/mo. Purchase price stands at $170,000, and rental yield measures 9.5% with $1,346/mo rent. Return on cash invested shows 24.55% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 128.31% and total cumulative return in cash records $72,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,346/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1978
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34475, Ocala, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,612 (100%) |
| Owner Occupied HU | 2,667 (47.5%) |
| Renter Occupied HU | 2,291 (40.8%) |
| Vacant Housing Units | 654 (11.7%) |
| Median Home Value | $225,000 |
| Average Home Value | $261,446 |
Housing Distribution
Address Breakdown
Residential
5,182
Single Family
4,114
Multi-Family
1,068
Businesses
805
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices