2416 Formosa AveOrlandoFL32804
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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 Orlando at 2416 Formosa Ave, Orlando, FL, 32804 earns $23/mo cash flow from $3,242/mo rent with a $2,374/mo payment. Total monthly income totals $3,242/mo, and annual cash flow totals $279/yr on $160,778 capital. ROI tracks 20.08% on current figures, and rental yield reads 8.02% at a $485,000 purchase. Equity gained on principal adds $3,130/yr, and 5% annual appreciation supports $133,997 over five years. Five-year ROI reaches 104.37% and total cumulative return in cash sums $167,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,242/mo property income instead of your personal income.
Single Family
Built in 2001
3,887 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32804, Orlando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,392 (100%) |
| Owner Occupied HU | 5,981 (57.6%) |
| Renter Occupied HU | 3,653 (35.2%) |
| Vacant Housing Units | 758 ( 7.3%) |
| Median Home Value | $641,815 |
| Average Home Value | $713,871 |
Housing Distribution
Address Breakdown
Residential
9,867
Single Family
8,164
Multi-Family
1,703
Businesses
1,511
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