149 N Myrtle StFellsmereFL32948
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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 Fellsmere at 149 N Myrtle St, Fellsmere, FL, 32948 offers $1,911/mo rent that, after a $1,346/mo payment, leaves $86/mo cash flow. Total monthly income is $1,911/mo, and annual cash flow is $1,032/yr on $91,163 cash. Return on cash invested measures 21.04% in year one, and rental yield stands at 8.34% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 109.56% and total cumulative return in cash reaches $99,875. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,911/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.48 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
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