113 RIVER BEND Place UNIT BWelakaFL32193
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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 Welaka at 113 RIVER BEND Place UNIT B, Welaka, FL, 32193 priced at $349,900 converts $1,975/mo rent into after a $1,713/mo obligation. Total monthly income equals $1,975/mo. Return on cash invested prints 12.75% in year one, and rental yield reads 6.77% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 66.32% and total cumulative return in cash sums $76,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,975/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
$345 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32193, Welaka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 444 (48.1%) |
| Renter Occupied HU | 96 (10.4%) |
| Vacant Housing Units | 384 (41.6%) |
| Median Home Value | $317,500 |
| Average Home Value | $463,868 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
409
Multi-Family
70
Businesses
53
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Listed by: MARGARET ZAHNER • COLDWELL BANKER BEN BATES INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2037162
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. Data is deemed reliable but is not guaranteed accurate by realMLS.