6186 Redwing AveEnglewoodFL34224
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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 Englewood at 6186 Redwing Ave, Englewood, FL, 34224 priced at $205,000 converts $1,391/mo rent into after a $1,003/mo obligation. Total monthly income equals $1,391/mo. Return on cash invested prints 18.88% in year one, and rental yield reads 8.14% against a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation compiles into $56,638 by year five. Five-year ROI reaches 98.49% and total cumulative return in cash sums $66,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,391/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
10,167 sqft lot
$N/A/sqft
$4 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34224, Englewood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,443 (100%) |
| Owner Occupied HU | 7,238 (63.3%) |
| Renter Occupied HU | 1,486 (13.0%) |
| Vacant Housing Units | 2,719 (23.8%) |
| Median Home Value | $365,183 |
| Average Home Value | $399,158 |
Housing Distribution
Address Breakdown
Residential
10,796
Single Family
9,338
Multi-Family
1,458
Businesses
527
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Listed by: Debra Walters • KEY REALTY, INC.
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #D6137960
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511