3706 NE 16th Pl #2OcalaFL34470
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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 3706 NE 16th Pl #2, Ocala, FL, 34470 earns $477/mo cash flow from $2,034/mo rent with a $1,001/mo payment. Total monthly income totals $2,034/mo, and annual cash flow totals $5,722/yr on $67,792 capital. ROI tracks 28.35% on current figures, and rental yield reads 11.94% at a $204,500 purchase. Equity gained on principal adds $1,320/yr, and 5% annual appreciation supports $56,500 over five years. Five-year ROI reaches 149.97% and total cumulative return in cash sums $101,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,034/mo property income instead of your personal income.
Single Family
Built in 1988
2,613 sqft lot
$N/A/sqft
$2,400 annually 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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Listed by: Zell Hall • Coldwell Banker Ellison Realty
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #839258
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.