2400 Forest Dr APT 222InvernessFL34453
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 2400 Forest Dr APT 222, Inverness, FL, 34453 in Inverness achieves 1.99, rent of $1,497/mo covers the $751/mo payment 1.5x over at $167,000. Rental yield 10.76%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $46,139 over five years, with $1,538/yr in principal reduction bringing total projected return to $57,214.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 7.0% |
| Monthly Cash Flow | $(136) | $250 |
City averages based on Inverness market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,497 |
| Total Monthly Debt Service | $1,567 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1977
871.20 sqft lot
$N/A/sqft
$525 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34453, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,867 (100%) |
| Owner Occupied HU | 4,088 (69.7%) |
| Renter Occupied HU | 1,043 (17.8%) |
| Vacant Housing Units | 736 (12.5%) |
| Median Home Value | $208,612 |
| Average Home Value | $259,683 |
Housing Distribution
Address Breakdown
Residential
5,783
Single Family
5,655
Multi-Family
128
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1977
871.20 sqft lot
$N/A/sqft
$525 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34453, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,867 (100%) |
| Owner Occupied HU | 4,088 (69.7%) |
| Renter Occupied HU | 1,043 (17.8%) |
| Vacant Housing Units | 736 (12.5%) |
| Median Home Value | $208,612 |
| Average Home Value | $259,683 |
Housing Distribution
Address Breakdown
Residential
5,783
Single Family
5,655
Multi-Family
128
Businesses
368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marcy Mahfuz • Century 21 J.W.Morton R.E.
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #856248
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