105 Ninth StSteinhatcheeFL32359
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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
Rental property for sale in Steinhatchee at 105 Ninth St, Steinhatchee, FL, 32359 priced at $297,000 pairs $2,880/mo rent with $909/mo cash flow after a $1,454/mo payment. Total monthly income equals $2,880/mo, and annual cash flow comes to $10,905/yr on $98,456 invested. Return on cash invested is 30.98% in year one, and rental yield stands at 11.64% on a $297,000 basis. Equity gained on principal adds $1,916/yr, and 5% annual appreciation accumulates to $82,056 by year five. Five-year ROI measures 162.83% and total cumulative return in cash reaches $160,314. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $1,454/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2004
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Listed by: Amy Garver • United Country Smith & Associates Trenton
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #794270