515 S Tangerine CtEagle LakeFL33839
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Eagle Lake at 515 S Tangerine Ct, Eagle Lake, FL, 33839 priced at $248,900 converts $2,262/mo rent into $569/mo cash flow after a $1,218/mo obligation. Total monthly income equals $2,262/mo, and annual cash flow totals $6,823/yr on $82,510 invested. Return on cash invested prints 28.18% in year one, and rental yield reads 10.91% against a $248,900 entry. Equity gained on principal adds $1,606/yr, while 5% annual appreciation compiles into $68,766 by year five. Five-year ROI reaches 148.01% and total cumulative return in cash sums $122,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,262/mo property income covering a $1,218/mo payment, not borrower’s personal income.
Single Family
Built in 1980
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33839, Eagle Lake, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,059 (100%) |
| Owner Occupied HU | 1,549 (75.2%) |
| Renter Occupied HU | 397 (19.3%) |
| Vacant Housing Units | 113 ( 5.5%) |
| Median Home Value | $330,831 |
| Average Home Value | $386,186 |
Housing Distribution
Address Breakdown
Residential
1,866
Single Family
1,866
Multi-Family
0
Businesses
242
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Listed by: Johnna Meche • S & D REAL ESTATE SERVICE LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #L4949343
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511