1860 NE 62nd StOcalaFL34479
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
Investment Highlights
Investment property for sale in Ocala at 1860 NE 62nd St, Ocala, FL, 34479 uses $59,670 cash to close to unlock $4,674/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $881/mo payment keeps the spread at $390/mo. Purchase price stands at $180,000, and rental yield measures 10.56% with $1,584/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 145.47% and total cumulative return in cash records $86,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34479, Ocala, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,291 (100%) |
| Owner Occupied HU | 4,518 (71.8%) |
| Renter Occupied HU | 1,384 (22.0%) |
| Vacant Housing Units | 389 ( 6.2%) |
| Median Home Value | $224,402 |
| Average Home Value | $287,078 |
Housing Distribution
Address Breakdown
Residential
5,965
Single Family
5,414
Multi-Family
551
Businesses
227
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Megan Hedrick • Mark Spain Real Estate
Mls Name: Space Coast AOR
Mls ID: #1043196
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.