513 Lake DrTitusvilleFL32780
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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 Titusville at 513 Lake Dr, Titusville, FL, 32780 priced at $150,000 converts $1,200/mo rent into $205/mo cash flow after a $734/mo obligation. Total monthly income equals $1,200/mo, and annual cash flow totals $2,457/yr on $49,725 invested. Return on cash invested prints 24.85% in year one, and rental yield reads 9.6% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 129.92% and total cumulative return in cash sums $64,602. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 1991
21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32780, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,611 (100%) |
| Owner Occupied HU | 12,739 (61.8%) |
| Renter Occupied HU | 5,629 (27.3%) |
| Vacant Housing Units | 2,243 (10.9%) |
| Median Home Value | $360,092 |
| Average Home Value | $405,570 |
Housing Distribution
Address Breakdown
Residential
18,530
Single Family
16,047
Multi-Family
2,483
Businesses
1,051
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Listed by: Debra Finneran Leady • Coldwell Banker Coast Realty
Mls Name: Space Coast AOR
Mls ID: #1061720