1020 N Ottawa AveLecantoFL34461
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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 Lecanto at 1020 N Ottawa Ave, Lecanto, FL, 34461 uses $149,175 cash to close to unlock $4,107/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $3,329/mo, and a $2,203/mo payment keeps the spread at $342/mo. Purchase price stands at $450,000, and rental yield measures 8.88% with $3,329/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 118.21% and total cumulative return in cash records $176,346. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,329/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1983
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
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