8637 SW 97th Lane RdOcalaFL34481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocala at 8637 SW 97th Lane Rd, Ocala, FL, 34481 uses $51,051 cash to close to unlock $5,145/yr annual cash flow and $429/mo monthly cash flow. Total monthly income runs $1,918/mo, and a $754/mo payment keeps the spread at $429/mo. Purchase price stands at $154,000, and rental yield measures 14.95% with $1,918/mo rent. Return on cash invested shows 29.99% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 161.49% and total cumulative return in cash records $82,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,918/mo property income covering a $754/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$467 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34481, Ocala, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,207 (100%) |
| Owner Occupied HU | 14,525 (84.4%) |
| Renter Occupied HU | 1,169 ( 6.8%) |
| Vacant Housing Units | 1,513 ( 8.8%) |
| Median Home Value | $320,437 |
| Average Home Value | $318,623 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
12,256
Multi-Family
3,878
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bonnie J Ciesla • RE/MAX Foxfire - HWY200/103 S
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #838707
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.