1114 Illinois AveLynn HavenFL32444
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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 Lynn Haven at 1114 Illinois Ave, Lynn Haven, FL, 32444 listed at $242,800 pairs $2,416/mo rent with a $1,188/mo payment to leave $805/mo cash flow. Total monthly income runs $2,416/mo, and annual cash flow reaches $9,661/yr on $80,488 cash to close. Return on cash invested measures 31.91% in year one, and rental yield registers 11.94% at a $242,800 basis. Equity gained on principal adds $1,567/yr, and annual property appreciation at 5% supports $67,081 by year five. Five-year ROI tracks 167.85% and total cumulative return in cash totals $135,101. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,416/mo property income relative to a $1,188/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32444, Lynn Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,092 (100%) |
| Owner Occupied HU | 6,097 (67.1%) |
| Renter Occupied HU | 1,855 (20.4%) |
| Vacant Housing Units | 1,140 (12.5%) |
| Median Home Value | $376,114 |
| Average Home Value | $436,347 |
Housing Distribution
Address Breakdown
Residential
9,098
Single Family
8,225
Multi-Family
873
Businesses
639
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Listed by: STEPHANIE K Craven • Counts Real Estate Group
Mls Name: CPAR
Mls ID: #783135