11281 NE 61st StWillistonFL32696
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 11281 NE 61st St, Williston, FL, 32696 in Williston worth modelling. At $140,000 with a 9.36% gross yield, the $1,071/mo rent leaves $163/mo after the $630/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.70 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $38,679 by year five; $1,289/yr in principal reduction adds further equity. Total projected return: $62,496.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $163 | $300 |
City averages based on Williston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,071 |
| Total Monthly Debt Service | $873 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2004
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32696, Williston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,898 (100%) |
| Owner Occupied HU | 4,366 (74.0%) |
| Renter Occupied HU | 996 (16.9%) |
| Vacant Housing Units | 536 ( 9.1%) |
| Median Home Value | $265,033 |
| Average Home Value | $315,415 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,536
Multi-Family
0
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2004
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32696, Williston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,898 (100%) |
| Owner Occupied HU | 4,366 (74.0%) |
| Renter Occupied HU | 996 (16.9%) |
| Vacant Housing Units | 536 ( 9.1%) |
| Median Home Value | $265,033 |
| Average Home Value | $315,415 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,536
Multi-Family
0
Businesses
400
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Swanzetta Battles • Swanz Premier Realty
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794893
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.