2002 Truman AveAlvaFL33920
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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 Alva at 2002 Truman Ave, Alva, FL, 33920 priced at $224,900 converts $1,884/mo rent into $391/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,884/mo, and annual cash flow totals $4,696/yr on $74,554 invested. Return on cash invested prints 26.21% in year one, and rental yield reads 10.05% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 137.25% and total cumulative return in cash sums $102,325. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,884/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33920, Alva, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,574 (100%) |
| Owner Occupied HU | 2,800 (78.3%) |
| Renter Occupied HU | 342 ( 9.6%) |
| Vacant Housing Units | 432 (12.1%) |
| Median Home Value | $518,293 |
| Average Home Value | $634,313 |
Housing Distribution
Address Breakdown
Residential
4,026
Single Family
3,831
Multi-Family
195
Businesses
167
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