53 S Forest Dr #2MidwayFL32343
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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 Midway at 53 S Forest Dr #2, Midway, FL, 32343 earns $991/mo cash flow from $2,650/mo rent with a $1,224/mo payment. Total monthly income totals $2,650/mo, and annual cash flow totals $11,887/yr on $82,875 capital. ROI tracks 34.25% on current figures, and rental yield reads 12.72% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 180.37% and total cumulative return in cash sums $149,482. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,650/mo property income instead of your personal income.
Multi Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32343, Midway, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 1,002 (77.7%) |
| Renter Occupied HU | 202 (15.7%) |
| Vacant Housing Units | 86 ( 6.7%) |
| Median Home Value | $209,770 |
| Average Home Value | $258,211 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,307
Multi-Family
95
Businesses
172
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Listed by: Sheneka Fields • EXP Realty, LLC
Mls Name: TBR
Mls Provider:
Mls ID: #375097
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.