1303 NE First AveSteinhatcheeFL32359
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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 1303 NE First Ave, Steinhatchee, FL, 32359 uses $76,212 cash to close to unlock $4,687/yr annual cash flow and $391/mo monthly cash flow. Total monthly income runs $1,916/mo, and a $1,125/mo payment keeps the spread at $391/mo. Purchase price stands at $229,900, and rental yield measures 10% with $1,916/mo rent. Return on cash invested shows 26.06% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 136.42% and total cumulative return in cash records $103,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,916/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Manufactured
Built in 1988
0.51 Acres 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: Gabrielle Davis • eXp Realty LLC
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794116
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.