2871 Myakka River RdTavaresFL32778
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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
Rental property for sale in Tavares at 2871 Myakka River Rd, Tavares, FL, 32778 priced at $222,000 converts $1,873/mo rent into $339/mo cash flow after a $1,087/mo obligation. Total monthly income equals $1,873/mo, and annual cash flow totals $4,072/yr on $73,593 invested. Return on cash invested prints 25.44% in year one, and rental yield reads 10.12% against a $222,000 entry. Equity gained on principal adds $1,433/yr, while 5% annual appreciation compiles into $61,335 by year five. Five-year ROI reaches 133.5% and total cumulative return in cash sums $98,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,873/mo property income covering a $1,087/mo payment, not borrower’s personal income.
Manufactured
Built in 1986
7,200 sqft lot
$N/A/sqft
$60 monthly 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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Listed by: Frank Dolney • OLYMPUS EXECUTIVE REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #G5096615
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