864 Lake Elsie DrTavaresFL32778
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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
Investment property for sale in Tavares at 864 Lake Elsie Dr, Tavares, FL, 32778 uses $112,379 cash to close to unlock $3,007/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $2,500/mo, and a $1,659/mo payment keeps the spread at $251/mo. Purchase price stands at $339,000, and rental yield measures 8.85% with $2,500/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 117.8% and total cumulative return in cash records $132,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,500/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1998
6,922 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32778, Tavares, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,282 (100%) |
| Owner Occupied HU | 9,028 (68.0%) |
| Renter Occupied HU | 2,520 (19.0%) |
| Vacant Housing Units | 1,734 (13.1%) |
| Median Home Value | $290,642 |
| Average Home Value | $332,532 |
Housing Distribution
Address Breakdown
Residential
12,348
Single Family
10,449
Multi-Family
1,899
Businesses
945
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