194 La Gardinia #438EdgewaterFL32141
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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
Investment property for sale in Edgewater at 194 La Gardinia #438, Edgewater, FL, 32141 uses $37,791 cash to close to unlock $2,765/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $987/mo, and a $558/mo payment keeps the spread at $230/mo. Purchase price stands at $114,000, and rental yield measures 10.39% with $987/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 142.75% and total cumulative return in cash records $53,947. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $987/mo property income covering a $558/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32141, Edgewater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,375 (100%) |
| Owner Occupied HU | 7,361 (78.5%) |
| Renter Occupied HU | 1,080 (11.5%) |
| Vacant Housing Units | 934 ( 10.0%) |
| Median Home Value | $323,737 |
| Average Home Value | $348,320 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
9,035
Multi-Family
104
Businesses
201
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