16585 SE 57th PlOcklawahaFL32179
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.8% yield at 16585 SE 57th Pl, Ocklawaha, FL, 32179 in Ocklawaha is solid, but the $918/mo payment compresses net cash flow to $142/mo at $204,250. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $56,431 by year five, and $1,881/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.63) without U.S. income documentation. Total projected return: $87,086.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $142 | $150 |
City averages based on Ocklawaha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,498 |
| Total Monthly Debt Service | $1,274 |
| DSCR Ratio | 1.18x |
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 1973
7,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32179, Ocklawaha, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,521 (65.7%) |
| Renter Occupied HU | 796 (14.9%) |
| Vacant Housing Units | 1,043 (19.5%) |
| Median Home Value | $172,385 |
| Average Home Value | $253,740 |
Housing Distribution
Address Breakdown
Residential
4,382
Single Family
4,381
Multi-Family
1
Businesses
50
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 1973
7,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32179, Ocklawaha, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,360 (100%) |
| Owner Occupied HU | 3,521 (65.7%) |
| Renter Occupied HU | 796 (14.9%) |
| Vacant Housing Units | 1,043 (19.5%) |
| Median Home Value | $172,385 |
| Average Home Value | $253,740 |
Housing Distribution
Address Breakdown
Residential
4,382
Single Family
4,381
Multi-Family
1
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Craig • SUN REALTY & ASSOC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OM705280
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