2064 Michigan AveGrove CityFL34224
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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 Grove City at 2064 Michigan Ave, Grove City, FL, 34224 offers a 11.4% rental yield on a $195,000 purchase with $1,852/mo rent. Total monthly income registers $1,852/mo, and a $954/mo payment leaves $558/mo available for distribution. Annual cash flow reaches $6,700/yr on $64,643 to close, and return on cash invested stands at 30.27% 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 159.05% and total cumulative return in cash at $102,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,852/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
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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Listed by: Luisa Schack • COLDWELL BANKER SUNSTAR REALTY
Mls Name: Stellar MLS
Mls ID: #D6145441