2622 NE 1st AveOcalaFL34470
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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 2622 NE 1st Ave, Ocala, FL, 34470 uses $48,769 cash to close to unlock $1,821/yr annual cash flow and $152/mo monthly cash flow. Total monthly income runs $1,128/mo, and a $720/mo payment keeps the spread at $152/mo. Purchase price stands at $147,115, and rental yield measures 9.2% with $1,128/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $40,645 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash records $60,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,128/mo property income covering a $720/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.32 Acres lot
$N/A/sqft
No 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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