16168 Glowing Grove AveOdessaFL33556
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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 Odessa at 16168 Glowing Grove Ave, Odessa, FL, 33556 offers a 8.35% rental yield on a $375,000 purchase with $2,608/mo rent. Total monthly income registers $2,608/mo, and a $1,835/mo payment leaves $120/mo available for distribution. Annual cash flow reaches $1,438/yr on $124,313 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 109.63% and total cumulative return in cash at $136,287. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,608/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2021
4,015 sqft lot
$N/A/sqft
No 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
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