8244 Shore Lake DrEnglewoodFL34224
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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 8244 Shore Lake Dr, Englewood, FL, 34224 priced at $476,000 pairs $2,429/mo rent with after a $2,330/mo payment. Total monthly income equals $2,429/mo. Return on cash invested is 12.12% in year one, and rental yield stands at 6.12% on a $476,000 basis. Equity gained on principal adds $3,072/yr, and 5% annual appreciation accumulates to $131,510 by year five. Five-year ROI measures 62.46% and total cumulative return in cash reaches $98,565. For financing, Ziffy Mortgage’s DSCR program evaluates $2,429/mo property income against a $2,330/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
8,232 sqft lot
$N/A/sqft
$294 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: Carla Stiver, PA • RE/MAX ALLIANCE GROUP
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #D6142273
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