231 NE 28th Ave APT 301OcalaFL34470
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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 Ocala at 231 NE 28th Ave APT 301, Ocala, FL, 34470 earns $216/mo cash flow from $1,603/mo rent with a $765/mo payment. Total monthly income totals $1,603/mo, and annual cash flow totals $2,587/yr on $51,843 capital. ROI tracks 24.9% on current figures, and rental yield reads 12.3% at a $156,390 purchase. Equity gained on principal adds $1,009/yr, and 5% annual appreciation supports $43,208 over five years. Five-year ROI reaches 133.13% and total cumulative return in cash sums $69,020. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,603/mo property income instead of your personal income.
Condo
Built in 2004
459 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34470, Ocala, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,189 (100%) |
| Owner Occupied HU | 5,766 (56.6%) |
| Renter Occupied HU | 3,623 (35.6%) |
| Vacant Housing Units | 800 ( 7.9%) |
| Median Home Value | $223,471 |
| Average Home Value | $287,143 |
Housing Distribution
Address Breakdown
Residential
9,663
Single Family
8,238
Multi-Family
1,425
Businesses
1,264
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Listed by: Peggy Pittas • RE/MAX ALLSTARS REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OM706828
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511