121 VENICE DriveInterlachenFL32148
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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 Interlachen at 121 VENICE Drive, Interlachen, FL, 32148 priced at $123,900 converts $1,000/mo rent into $178/mo cash flow after a $606/mo obligation. Total monthly income equals $1,000/mo, and annual cash flow totals $2,139/yr on $41,073 invested. Return on cash invested prints 25.12% in year one, and rental yield reads 9.69% against a $123,900 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,231 by year five. Five-year ROI reaches 131.46% and total cumulative return in cash sums $53,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,000/mo property income covering a $606/mo payment, not borrower’s personal income.
Manufactured
Built in 1974
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32148, Interlachen, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,057 (100%) |
| Owner Occupied HU | 4,058 (67.0%) |
| Renter Occupied HU | 999 (16.5%) |
| Vacant Housing Units | 1,000 (16.5%) |
| Median Home Value | $111,836 |
| Average Home Value | $185,614 |
Housing Distribution
Address Breakdown
Residential
4,848
Single Family
4,848
Multi-Family
0
Businesses
178
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Listed by: MARTIN CROSTHWAITE • DUCK REALTY INC
Mls Name: realMLS
Mls ID: #2119135