115 RIVER BEND Place #CWelakaFL32193
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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 115 RIVER BEND Place #C, Welaka, FL, 32193 offers $2,196/mo rent that, after a $1,285/mo payment, leaves $454/mo cash flow. Total monthly income is $2,196/mo, and annual cash flow is $5,446/yr on $87,019 cash. Return on cash invested measures 26.17% in year one, and rental yield stands at 10.04% at a $262,500 entry. Equity gained on principal adds $1,694/yr while 5% annual appreciation compounds into $72,524 by year five. Five-year ROI records 136.99% and total cumulative return in cash reaches $119,206. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,196/mo property income versus a $1,285/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
435.60 sqft lot
$N/A/sqft
No 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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