2960 Northland RdMount DoraFL32757
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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 Mount Dora at 2960 Northland Rd, Mount Dora, FL, 32757 uses $79,229 cash to close to unlock $2,805/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $1,820/mo, and a $1,170/mo payment keeps the spread at $234/mo. Purchase price stands at $239,000, and rental yield measures 9.14% with $1,820/mo rent. Return on cash invested shows 23.45% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash records $96,996. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,820/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1955
10,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32757, Mount Dora, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,234 (100%) |
| Owner Occupied HU | 10,496 (64.7%) |
| Renter Occupied HU | 4,239 (26.1%) |
| Vacant Housing Units | 1,499 ( 9.2%) |
| Median Home Value | $421,562 |
| Average Home Value | $469,682 |
Housing Distribution
Address Breakdown
Residential
14,393
Single Family
11,966
Multi-Family
2,427
Businesses
887
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Listed by: Loretta C. Maimone • ERA GRIZZARD REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #G5101999