784 E Michigan St UNIT 38OrlandoFL32806
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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 Orlando at 784 E Michigan St UNIT 38, Orlando, FL, 32806 offers $1,200/mo rent that, after a $699/mo payment, leaves $157/mo cash flow. Total monthly income is $1,200/mo, and annual cash flow is $1,882/yr on $47,371 cash. Return on cash invested measures 23.88% in year one, and rental yield stands at 10.08% at a $142,900 entry. Equity gained on principal adds $922/yr while 5% annual appreciation compounds into $39,481 by year five. Five-year ROI records 125.59% and total cumulative return in cash reaches $59,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $699/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32806, Orlando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,834 (100%) |
| Owner Occupied HU | 7,904 (61.6%) |
| Renter Occupied HU | 4,055 (31.6%) |
| Vacant Housing Units | 875 ( 6.8%) |
| Median Home Value | $498,144 |
| Average Home Value | $589,223 |
Housing Distribution
Address Breakdown
Residential
12,145
Single Family
10,217
Multi-Family
1,928
Businesses
1,230
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