188 Evergreen TerDelandFL32724
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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 Deland at 188 Evergreen Ter, Deland, FL, 32724 priced at $122,999 converts $935/mo rent into $119/mo cash flow after a $602/mo obligation. Total monthly income equals $935/mo, and annual cash flow totals $1,425/yr on $40,774 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 9.12% against a $122,999 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation compiles into $33,982 by year five. Five-year ROI reaches 122.23% and total cumulative return in cash sums $49,837. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $935/mo property income covering a $602/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
8,276 sqft lot
$N/A/sqft
No HOA
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Listed by: Melinda Richardson • A M Home Realty
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1215132
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