150 Miller StLanark VillageFL32323
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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 Lanark Village at 150 Miller St, Lanark Village, FL, 32323 uses $39,780 cash to close to unlock $1,584/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $928/mo, and a $587/mo payment keeps the spread at $132/mo. Purchase price stands at $120,000, and rental yield measures 9.28% with $928/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 124.75% and total cumulative return in cash records $49,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $928/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32323, Lanark Village, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 292 (100%) |
| Owner Occupied HU | 90 (30.8%) |
| Renter Occupied HU | 25 ( 8.6%) |
| Vacant Housing Units | 177 (60.6%) |
| Median Home Value | $290,909 |
| Average Home Value | $417,222 |
Housing Distribution
Address Breakdown
Residential
90
Single Family
0
Multi-Family
0
Businesses
8
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Listed by: Cassie Studstill • Studstill Realty Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324516