1116 SE River DrMayoFL32008
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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 Mayo at 1116 SE River Dr, Mayo, FL, 32008 generates $1,980/mo in rent, after a $2,203/mo payment. Total monthly income is $1,980/mo. Return on cash invested sits at 11.81% in year one, and rental yield is 5.28% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 60.01% and total cumulative return in cash sums $89,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32008, Branford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,150 (100%) |
| Owner Occupied HU | 2,054 (65.2%) |
| Renter Occupied HU | 413 (13.1%) |
| Vacant Housing Units | 683 (21.7%) |
| Median Home Value | $153,846 |
| Average Home Value | $182,875 |
Housing Distribution
Address Breakdown
Residential
2,456
Single Family
2,432
Multi-Family
24
Businesses
219
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Listed by: Elaine Tolar • Coldwell Banker Bishop Realty, Inc. of Lake City
Mls Name: NFMLS
Mls Provider:
Mls ID: #128222
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