15080 NE 242nd AveSalt SpringsFL32134
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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 Salt Springs at 15080 NE 242nd Ave, Salt Springs, FL, 32134 offers a 9.32% rental yield on a $165,000 purchase with $1,282/mo rent. Total monthly income registers $1,282/mo, and a $808/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,239/yr on $54,698 to close, and return on cash invested stands at 24% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 125.4% and total cumulative return in cash at $68,591. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,282/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2012
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32134, Fort Mc Coy, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,488 (100%) |
| Owner Occupied HU | 3,095 (56.4%) |
| Renter Occupied HU | 513 ( 9.3%) |
| Vacant Housing Units | 1,880 (34.3%) |
| Median Home Value | $179,058 |
| Average Home Value | $242,406 |
Housing Distribution
Address Breakdown
Residential
4,173
Single Family
4,173
Multi-Family
0
Businesses
118
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Listed by: Alyssa Pascucci • GOLDEN OCALA REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #OM712484