11196 Redgate StSpring HillFL34609
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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 Spring Hill at 11196 Redgate St, Spring Hill, FL, 34609 listed at $265,000 pairs $2,291/mo rent with a $1,297/mo payment to leave $532/mo cash flow. Total monthly income runs $2,291/mo, and annual cash flow reaches $6,390/yr on $87,848 cash to close. Return on cash invested measures 27.18% in year one, and rental yield registers 10.37% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 142.45% and total cumulative return in cash totals $125,139. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,291/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34609, Spring Hill, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,358 (100%) |
| Owner Occupied HU | 16,098 (79.1%) |
| Renter Occupied HU | 3,096 (15.2%) |
| Vacant Housing Units | 1,164 ( 5.7%) |
| Median Home Value | $346,231 |
| Average Home Value | $372,548 |
Housing Distribution
Address Breakdown
Residential
18,800
Single Family
18,316
Multi-Family
484
Businesses
658
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Listed by: Tracie Maler • Keller Williams-Elite Partners
Mls Name: Realtors Association of Citrus County
Mls ID: #851220