1985 Erving Cir APT 302OcoeeFL34761
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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 Ocoee at 1985 Erving Cir APT 302, Ocoee, FL, 34761 offers a 9.39% rental yield on a $195,000 purchase with $1,526/mo rent. Total monthly income registers $1,526/mo, and a $954/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,788/yr on $64,643 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 126.6% and total cumulative return in cash at $81,838. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,526/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34761, Ocoee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,471 (100%) |
| Owner Occupied HU | 12,347 (70.7%) |
| Renter Occupied HU | 4,398 (25.2%) |
| Vacant Housing Units | 726 ( 4.2%) |
| Median Home Value | $439,508 |
| Average Home Value | $473,479 |
Housing Distribution
Address Breakdown
Residential
17,614
Single Family
15,723
Multi-Family
1,891
Businesses
1,352
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