2021 Caribbean Dr S #1KissimmeeFL34741
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Kissimmee rental at 2021 Caribbean Dr S #1, Kissimmee, FL, 34741 sits in the solid-income band: 10.62% gross yield, $1,973/mo rent, $242/mo net after the $1,003/mo debt service, DSCR 1.97. Entry price of $223,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $61,611 and $2,054/yr in principal reduction bring total cumulative return to $101,679.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.2% |
| Monthly Cash Flow | $242 | $1,250 |
City averages based on Kissimmee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,973 |
| Total Monthly Debt Service | $1,642 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
1,004 sqft lot
$N/A/sqft
$251 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34741, Kissimmee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,281 (100%) |
| Owner Occupied HU | 7,446 (29.5%) |
| Renter Occupied HU | 14,390 (56.9%) |
| Vacant Housing Units | 3,445 (13.6%) |
| Median Home Value | $347,316 |
| Average Home Value | $374,969 |
Housing Distribution
Address Breakdown
Residential
21,946
Single Family
14,792
Multi-Family
7,154
Businesses
2,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1993
1,004 sqft lot
$N/A/sqft
$251 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34741, Kissimmee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,281 (100%) |
| Owner Occupied HU | 7,446 (29.5%) |
| Renter Occupied HU | 14,390 (56.9%) |
| Vacant Housing Units | 3,445 (13.6%) |
| Median Home Value | $347,316 |
| Average Home Value | $374,969 |
Housing Distribution
Address Breakdown
Residential
21,946
Single Family
14,792
Multi-Family
7,154
Businesses
2,184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bill Sprys • SUCCESS INVESTMENT REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6188252
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