2249 Cypress Cove Dr #E-3TavaresFL32778
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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 Tavares at 2249 Cypress Cove Dr #E-3, Tavares, FL, 32778 uses $76,245 cash to close to unlock $8,513/yr annual cash flow and $709/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,126/mo payment keeps the spread at $709/mo. Purchase price stands at $230,000, and rental yield measures 11.67% with $2,236/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 163.33% and total cumulative return in cash records $124,531. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Condo
Built in 1988
2,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32778, Tavares, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,028 (68.0%) |
| Renter Occupied HU | 2,520 (19.0%) |
| Vacant Housing Units | 1,734 (13.1%) |
| Median Home Value | $290,642 |
| Average Home Value | $332,532 |
Housing Distribution
Address Breakdown
Residential
12,348
Single Family
10,449
Multi-Family
1,899
Businesses
945
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