1602 W Caroline PathLecantoFL34461
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
Rental property for sale in Lecanto at 1602 W Caroline Path, Lecanto, FL, 34461 priced at $232,500 converts $2,504/mo rent into $279/mo cash flow after a $1,138/mo obligation. Total monthly income equals $2,504/mo, and annual cash flow totals $3,351/yr on $77,074 invested. Return on cash invested prints 24.26% in year one, and rental yield reads 12.92% against a $232,500 entry. Equity gained on principal adds $1,500/yr, while 5% annual appreciation compiles into $64,235 by year five. Five-year ROI reaches 130.63% and total cumulative return in cash sums $100,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,504/mo property income covering a $1,138/mo payment, not borrower’s personal income.
Single Family
Built in 2018
7,038 sqft lot
$N/A/sqft
$639 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
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Listed by: Jeffery Jones • MARK SPAIN REAL ESTATE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6307752
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511