2061 Illinois AveEnglewoodFL34224
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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 2061 Illinois Ave, Englewood, FL, 34224 uses $132,567 cash to close to unlock $1,830/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $2,806/mo, and a $1,957/mo payment keeps the spread at $153/mo. Purchase price stands at $399,900, and rental yield measures 8.42% with $2,806/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $146,936. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,806/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34224, Englewood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,443 (100%) |
| Owner Occupied HU | 7,238 (63.3%) |
| Renter Occupied HU | 1,486 (13.0%) |
| Vacant Housing Units | 2,719 (23.8%) |
| Median Home Value | $365,183 |
| Average Home Value | $399,158 |
Housing Distribution
Address Breakdown
Residential
10,796
Single Family
9,338
Multi-Family
1,458
Businesses
527
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