1611 Rives AveSteinhatcheeFL32359
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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 Steinhatchee at 1611 Rives Ave, Steinhatchee, FL, 32359 offers a 8.33% rental yield on a $219,000 purchase with $1,520/mo rent. Total monthly income registers $1,520/mo, and a $1,072/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $799/yr on $72,599 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 109.34% and total cumulative return in cash at $79,377. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2017
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Listed by: Lisa Dodd • MAXREV
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #795508