204 Reading AveTitusvilleFL32796
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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 Titusville at 204 Reading Ave, Titusville, FL, 32796 priced at $365,000 converts $2,672/mo rent into $154/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,672/mo, and annual cash flow totals $1,843/yr on $120,998 invested. Return on cash invested prints 21.43% in year one, and rental yield reads 8.78% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 111.95% and total cumulative return in cash sums $135,451. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,672/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 2010
10,454 sqft lot
$N/A/sqft
$290 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32796, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,787 (100%) |
| Owner Occupied HU | 7,006 (71.6%) |
| Renter Occupied HU | 1,948 (19.9%) |
| Vacant Housing Units | 833 ( 8.5%) |
| Median Home Value | $299,770 |
| Average Home Value | $311,870 |
Housing Distribution
Address Breakdown
Residential
9,376
Single Family
8,934
Multi-Family
442
Businesses
512
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Listed by: Warren Freeman • Coldwell Banker Coast Realty
Mls Name: Space Coast AOR
Mls ID: #1034775
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.