607 Deerwood Ave #607EnglewoodFL34223
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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 Englewood at 607 Deerwood Ave #607, Englewood, FL, 34223 earns $74/mo cash flow from $1,500/mo rent with a $1,052/mo payment. Total monthly income totals $1,500/mo, and annual cash flow totals $882/yr on $71,273 capital. ROI tracks 21.15% on current figures, and rental yield reads 8.37% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 110.08% and total cumulative return in cash sums $78,457. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Condo
Built in 1984
4,007 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34223, Englewood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,549 (100%) |
| Owner Occupied HU | 10,404 (62.9%) |
| Renter Occupied HU | 1,637 ( 9.9%) |
| Vacant Housing Units | 4,508 (27.2%) |
| Median Home Value | $546,059 |
| Average Home Value | $631,986 |
Housing Distribution
Address Breakdown
Residential
13,691
Single Family
11,537
Multi-Family
2,154
Businesses
636
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