12350 83rd StFellsmereFL32948
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 12350 83rd St, Fellsmere, FL, 32948 in Fellsmere at $685,000, 4.63% gross yield, is a market-growth asset. Rental yield 4.63%. The $3,047/mo rent partially funds the $3,080/mo debt service; the core return is the 5%/yr price growth projected to add $189,253 over five years. Ziffy Mortgage's DSCR mortgage (0.99) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $164,636.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.0% |
| Monthly Cash Flow | $(2,196) | $200 |
City averages based on Fellsmere market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,047 |
| Total Monthly Debt Service | $4,273 |
| DSCR Ratio | 0.71x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1981
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32948, Fellsmere, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,188 (100%) |
| Owner Occupied HU | 1,418 (64.8%) |
| Renter Occupied HU | 610 (27.9%) |
| Vacant Housing Units | 160 ( 7.3%) |
| Median Home Value | $283,333 |
| Average Home Value | $348,928 |
Housing Distribution
Address Breakdown
Residential
2,082
Single Family
1,854
Multi-Family
228
Businesses
146
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
Single Family
Built in 1981
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32948, Fellsmere, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,188 (100%) |
| Owner Occupied HU | 1,418 (64.8%) |
| Renter Occupied HU | 610 (27.9%) |
| Vacant Housing Units | 160 ( 7.3%) |
| Median Home Value | $283,333 |
| Average Home Value | $348,928 |
Housing Distribution
Address Breakdown
Residential
2,082
Single Family
1,854
Multi-Family
228
Businesses
146
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices