5550 E Michigan St APT 2106OrlandoFL32822
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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 Orlando at 5550 E Michigan St APT 2106, Orlando, FL, 32822 uses $67,924 cash to close to unlock $5,474/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,816/mo, and a $1,003/mo payment keeps the spread at $456/mo. Purchase price stands at $204,900, and rental yield measures 10.64% with $1,816/mo rent. Return on cash invested shows 27.97% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 146.7% and total cumulative return in cash records $99,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,816/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Condo
Built in 2005
8.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32822, Orlando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,852 (100%) |
| Owner Occupied HU | 11,128 (41.4%) |
| Renter Occupied HU | 14,121 (52.6%) |
| Vacant Housing Units | 1,603 ( 6.0%) |
| Median Home Value | $281,746 |
| Average Home Value | $316,954 |
Housing Distribution
Address Breakdown
Residential
25,859
Single Family
12,205
Multi-Family
13,654
Businesses
1,348
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