705 Fern AveTitusvilleFL32796
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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 Titusville at 705 Fern Ave, Titusville, FL, 32796 offers $2,383/mo rent that, after a $1,395/mo payment, leaves $492/mo cash flow. Total monthly income is $2,383/mo, and annual cash flow is $5,899/yr on $94,478 cash. Return on cash invested measures 26.15% in year one, and rental yield stands at 10.03% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 136.93% and total cumulative return in cash reaches $129,366. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,383/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32796, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,787 (100%) |
| Owner Occupied HU | 7,006 (71.6%) |
| Renter Occupied HU | 1,948 (19.9%) |
| Vacant Housing Units | 833 ( 8.5%) |
| Median Home Value | $299,770 |
| Average Home Value | $311,870 |
Housing Distribution
Address Breakdown
Residential
9,376
Single Family
8,934
Multi-Family
442
Businesses
512
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Listed by: Warren Richard Wright II • Relentless Real Estate Co.
Mls Name: Space Coast AOR
Mls ID: #1054169