521 Michigan StMount DoraFL32757
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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 Mount Dora at 521 Michigan St, Mount Dora, FL, 32757 priced at $480,000 converts $2,136/mo rent into after a $2,349/mo obligation. Total monthly income equals $2,136/mo. Return on cash invested prints 12% in year one, and rental yield reads 5.34% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 60.99% and total cumulative return in cash sums $97,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,136/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1946
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32757, Mount Dora, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,234 (100%) |
| Owner Occupied HU | 10,496 (64.7%) |
| Renter Occupied HU | 4,239 (26.1%) |
| Vacant Housing Units | 1,499 ( 9.2%) |
| Median Home Value | $421,562 |
| Average Home Value | $469,682 |
Housing Distribution
Address Breakdown
Residential
14,393
Single Family
11,966
Multi-Family
2,427
Businesses
887
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Listed by: Leah Laboy • EDEN CREST REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #O6339259