602 Midway Dr #AOcalaFL34472
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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 Ocala at 602 Midway Dr #A, Ocala, FL, 34472 priced at $147,000 pairs $1,164/mo rent with $189/mo cash flow after a $719/mo payment. Total monthly income equals $1,164/mo, and annual cash flow comes to $2,268/yr on $48,731 invested. Return on cash invested is 24.56% in year one, and rental yield stands at 9.5% on a $147,000 basis. Equity gained on principal adds $949/yr, and 5% annual appreciation accumulates to $40,613 by year five. Five-year ROI measures 128.4% and total cumulative return in cash reaches $62,568. For financing, Ziffy Mortgage’s DSCR program evaluates $1,164/mo property income against a $719/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34472, Ocala, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,093 (100%) |
| Owner Occupied HU | 10,835 (71.8%) |
| Renter Occupied HU | 2,958 (19.6%) |
| Vacant Housing Units | 1,300 ( 8.6%) |
| Median Home Value | $204,698 |
| Average Home Value | $252,543 |
Housing Distribution
Address Breakdown
Residential
14,477
Single Family
14,083
Multi-Family
394
Businesses
236
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