124 KNIGHT DriveFlorahomeFL32140
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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 Florahome at 124 KNIGHT Drive, Florahome, FL, 32140 uses $98,787 cash to close to unlock $5,592/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $2,444/mo, and a $1,459/mo payment keeps the spread at $466/mo. Purchase price stands at $298,000, and rental yield measures 9.84% with $2,444/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 133.79% and total cumulative return in cash records $132,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,444/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32140, Florahome, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 843 (100%) |
| Owner Occupied HU | 597 (70.8%) |
| Renter Occupied HU | 80 ( 9.5%) |
| Vacant Housing Units | 166 (19.7%) |
| Median Home Value | $213,477 |
| Average Home Value | $241,503 |
Housing Distribution
Address Breakdown
Residential
766
Single Family
766
Multi-Family
0
Businesses
31
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