17318 Promenade Dr #19-6ClermontFL34711
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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 Clermont at 17318 Promenade Dr #19-6, Clermont, FL, 34711 generates $2,552/mo in rent and, after a $1,512/mo payment, leaves $502/mo in cash flow. Total monthly income is $2,552/mo, and annual cash flow is $6,022/yr on $102,434 invested. Return on cash invested sits at 25.79% in year one, and rental yield is 9.91% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 134.94% and total cumulative return in cash sums $138,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,552/mo property income rather than buyer’s personal income.
Condo
Built in 2001
1,594 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34711, Clermont, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,044 (100%) |
| Owner Occupied HU | 21,931 (70.6%) |
| Renter Occupied HU | 6,996 (22.5%) |
| Vacant Housing Units | 2,117 ( 6.8%) |
| Median Home Value | $424,658 |
| Average Home Value | $469,761 |
Housing Distribution
Address Breakdown
Residential
28,165
Single Family
26,859
Multi-Family
1,306
Businesses
1,398
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