587 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
Investment property for sale in Titusville at 587 Lake Dr, Titusville, FL, 32780 uses $78,566 cash to close to unlock $4,227/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,160/mo payment keeps the spread at $352/mo. Purchase price stands at $237,000, and rental yield measures 9.75% with $1,925/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 132.31% and total cumulative return in cash records $103,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,160/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1,742 sqft 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: Nancy Merchant • The Great Outdoors - TGO Realty INC
Mls Name: My State MLS
Mls ID: #11515858