1977 Beach Rd APT 72EnglewoodFL34223
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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 Englewood at 1977 Beach Rd APT 72, Englewood, FL, 34223 uses $79,427 cash to close to unlock $2,540/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $2,372/mo, and a $1,173/mo payment keeps the spread at $212/mo. Purchase price stands at $239,600, and rental yield measures 11.88% with $2,372/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $66,197 over five years. Five-year ROI reaches 123.72% and total cumulative return in cash records $98,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,372/mo property income covering a $1,173/mo payment rather than investor’s personal income.
Condo
Built in 1974
1,360 sqft lot
$N/A/sqft
$570 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34223, Englewood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,549 (100%) |
| Owner Occupied HU | 10,404 (62.9%) |
| Renter Occupied HU | 1,637 ( 9.9%) |
| Vacant Housing Units | 4,508 (27.2%) |
| Median Home Value | $546,059 |
| Average Home Value | $631,986 |
Housing Distribution
Address Breakdown
Residential
13,691
Single Family
11,537
Multi-Family
2,154
Businesses
636
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