416 McElwee DrAuburndaleFL33823
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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 Auburndale at 416 McElwee Dr, Auburndale, FL, 33823 priced at $105,000 pairs $788/mo rent with $91/mo cash flow after a $514/mo payment. Total monthly income equals $788/mo, and annual cash flow comes to $1,093/yr on $34,808 invested. Return on cash invested is 23.05% in year one, and rental yield stands at 9.01% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 120.43% and total cumulative return in cash reaches $41,918. For financing, Ziffy Mortgage’s DSCR program evaluates $788/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33823, Auburndale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,100 (100%) |
| Owner Occupied HU | 10,984 (68.2%) |
| Renter Occupied HU | 3,630 (22.5%) |
| Vacant Housing Units | 1,486 ( 9.2%) |
| Median Home Value | $317,933 |
| Average Home Value | $323,289 |
Housing Distribution
Address Breakdown
Residential
15,339
Single Family
15,047
Multi-Family
292
Businesses
969
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Listed by: Linda Wilson • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11430930