15 1st St NW #307SteinhatcheeFL32359
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
Investment Highlights
Investment property for sale in Steinhatchee at 15 1st St NW #307, Steinhatchee, FL, 32359 earns $139/mo cash flow from $1,733/mo rent with a $881/mo payment. Total monthly income totals $1,733/mo, and annual cash flow totals $1,662/yr on $59,670 capital. ROI tracks 22.69% on current figures, and rental yield reads 11.55% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 121.32% and total cumulative return in cash sums $72,389. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,733/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$4,800 annually 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: Shannon D Wirick • Focus Real Estate Group, Inc
Mls Name: TBR
Mls Provider:
Mls ID: #388282
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.