115 1st Ave NW #304SteinhatcheeFL32359
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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 Steinhatchee at 115 1st Ave NW #304, Steinhatchee, FL, 32359 offers a 11.3% rental yield on a $183,910 purchase with $1,732/mo rent. Total monthly income registers $1,732/mo, and a $900/mo payment leaves $512/mo available for distribution. Annual cash flow reaches $6,140/yr on $60,966 to close, and return on cash invested stands at 29.98% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,811 over five years. Portfolio math shows five-year ROI at 157.46% and total cumulative return in cash at $95,996. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,732/mo property income against a $900/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Listed by: Andrea Butcher • RealHome Services and Solution
Mls Name: TBR
Mls ID: #394363