10985 SE 24th Street RdSilver SpringsFL34488
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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 Silver Springs at 10985 SE 24th Street Rd, Silver Springs, FL, 34488 offers a 9.16% rental yield on a $190,000 purchase with $1,450/mo rent. Total monthly income registers $1,450/mo, and a $930/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,433/yr on $62,985 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 116.16% and total cumulative return in cash at $73,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,450/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
8.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34488, Silver Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,418 (100%) |
| Owner Occupied HU | 3,982 (62.0%) |
| Renter Occupied HU | 1,324 (20.6%) |
| Vacant Housing Units | 1,112 (17.3%) |
| Median Home Value | $168,605 |
| Average Home Value | $231,480 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
5,693
Multi-Family
426
Businesses
148
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