16075 NW 37th TerReddickFL32686
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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 Reddick at 16075 NW 37th Ter, Reddick, FL, 32686 offers a 9.19% rental yield on a $110,000 purchase with $842/mo rent. Total monthly income registers $842/mo, and a $538/mo payment leaves $85/mo available for distribution. Annual cash flow reaches $1,019/yr on $36,465 to close, and return on cash invested stands at 22.7% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 118.73% and total cumulative return in cash at $43,296. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $842/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
2.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32686, Reddick, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 1,822 (65.6%) |
| Renter Occupied HU | 460 (16.6%) |
| Vacant Housing Units | 494 (17.8%) |
| Median Home Value | $361,867 |
| Average Home Value | $486,017 |
Housing Distribution
Address Breakdown
Residential
1,953
Single Family
1,953
Multi-Family
0
Businesses
103
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Listed by: Taneika Grimes • DALTON WADE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OM698650
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