16744 Race Track RdOdessaFL33556
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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
Rental property for sale in Odessa at 16744 Race Track Rd, Odessa, FL, 33556 generates $3,428/mo in rent, after a $2,535/mo payment. Total monthly income is $3,428/mo. Return on cash invested sits at 20% in year one, and rental yield is 7.94% on a $518,000 entry. Equity gained on principal adds $3,343/yr, while 5% annual appreciation builds toward $143,114 over five years. Five-year ROI reaches 103.86% and total cumulative return in cash sums $177,007. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,428/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
1.40 Acres 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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