3407 Michigan AveSebringFL33870
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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 Sebring at 3407 Michigan Ave, Sebring, FL, 33870 priced at $118,000 converts $2,310/mo rent into $1,526/mo cash flow after a $578/mo obligation. Total monthly income equals $2,310/mo, and annual cash flow totals $18,318/yr on $39,117 invested. Return on cash invested prints 66.74% in year one, and rental yield reads 23.49% against a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,601 by year five. Five-year ROI reaches 354.64% and total cumulative return in cash sums $138,723. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,310/mo property income covering a $578/mo payment, not borrower’s personal income.
Manufactured
Built in 1969
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33870, Sebring, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,358 (100%) |
| Owner Occupied HU | 7,793 (54.3%) |
| Renter Occupied HU | 3,433 (23.9%) |
| Vacant Housing Units | 3,132 (21.8%) |
| Median Home Value | $166,009 |
| Average Home Value | $206,210 |
Housing Distribution
Address Breakdown
Residential
12,659
Single Family
11,355
Multi-Family
1,304
Businesses
1,365
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