16402 Blooming Cherry DrGrovelandFL34736
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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 Groveland at 16402 Blooming Cherry Dr, Groveland, FL, 34736 uses $119,340 cash to close to unlock $3,288/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,663/mo, and a $1,762/mo payment keeps the spread at $274/mo. Purchase price stands at $360,000, and rental yield measures 8.88% with $2,663/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 118.2% and total cumulative return in cash records $141,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,663/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 2019
10,264 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34736, Groveland, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,513 (100%) |
| Owner Occupied HU | 10,130 (81.0%) |
| Renter Occupied HU | 1,480 (11.8%) |
| Vacant Housing Units | 903 ( 7.2%) |
| Median Home Value | $388,854 |
| Average Home Value | $424,666 |
Housing Distribution
Address Breakdown
Residential
10,737
Single Family
9,856
Multi-Family
881
Businesses
457
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