106 RIDGEWOOD AvenueInterlachenFL32148
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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 Interlachen at 106 RIDGEWOOD Avenue, Interlachen, FL, 32148 offers $1,333/mo rent that, after a $758/mo payment, leaves $305/mo cash flow. Total monthly income is $1,333/mo, and annual cash flow is $3,663/yr on $51,349 cash. Return on cash invested measures 27.04% in year one, and rental yield stands at 10.33% at a $154,900 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,796 by year five. Five-year ROI records 141.77% and total cumulative return in cash reaches $72,800. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,333/mo property income versus a $758/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1988
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32148, Interlachen, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,057 (100%) |
| Owner Occupied HU | 4,058 (67.0%) |
| Renter Occupied HU | 999 (16.5%) |
| Vacant Housing Units | 1,000 (16.5%) |
| Median Home Value | $111,836 |
| Average Home Value | $185,614 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,848
Multi-Family
0
Businesses
178
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Listed by: VICTOR OWENS • MODERN REALTY OF FLORIDA
Mls Name: realMLS
Mls ID: #2122643