190 E Olmstead Dr UNIT 1TitusvilleFL32780
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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 Titusville at 190 E Olmstead Dr UNIT 1, Titusville, FL, 32780 priced at $195,493 converts $2,774/mo rent into $848/mo cash flow after a $957/mo obligation. Total monthly income equals $2,774/mo, and annual cash flow totals $10,170/yr on $64,806 invested. Return on cash invested prints 35.6% in year one, and rental yield reads 17.03% against a $195,493 entry. Equity gained on principal adds $1,261/yr, while 5% annual appreciation compiles into $54,011 by year five. Five-year ROI reaches 191.85% and total cumulative return in cash sums $124,329. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,774/mo property income covering a $957/mo payment, not borrower’s personal income.
Condo
Built in 1970
1,742 sqft lot
$N/A/sqft
$629 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32780, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,611 (100%) |
| Owner Occupied HU | 12,739 (61.8%) |
| Renter Occupied HU | 5,629 (27.3%) |
| Vacant Housing Units | 2,243 (10.9%) |
| Median Home Value | $360,092 |
| Average Home Value | $405,570 |
Housing Distribution
Address Breakdown
Residential
18,530
Single Family
16,047
Multi-Family
2,483
Businesses
1,051
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Listed by: Vanessa D Irizarry • Brevard Property Mgmt & Sales
Mls Name: Space Coast AOR
Mls ID: #1014706
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.