1611 Caroline DrPiersonFL32180
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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 Pierson at 1611 Caroline Dr, Pierson, FL, 32180 uses $91,163 cash to close to unlock $936/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,903/mo, and a $1,346/mo payment keeps the spread at $78/mo. Purchase price stands at $275,000, and rental yield measures 8.3% with $1,903/mo rent. Return on cash invested shows 20.94% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 109% and total cumulative return in cash records $99,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,903/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32180, Pierson, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,004 (100%) |
| Owner Occupied HU | 1,296 (64.7%) |
| Renter Occupied HU | 340 (17.0%) |
| Vacant Housing Units | 368 (18.4%) |
| Median Home Value | $385,350 |
| Average Home Value | $405,062 |
Housing Distribution
Address Breakdown
Residential
1,394
Single Family
1,330
Multi-Family
64
Businesses
174
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