16149 E Spring Lake BlvdFruitland ParkFL34731
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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 Fruitland Park at 16149 E Spring Lake Blvd, Fruitland Park, FL, 34731 uses $102,434 cash to close to unlock $6,730/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,611/mo, and a $1,512/mo payment keeps the spread at $561/mo. Purchase price stands at $309,000, and rental yield measures 10.14% with $2,611/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 138.65% and total cumulative return in cash records $142,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,611/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Single Family
Built in 1962
9,198 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34731, Fruitland Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,958 (100%) |
| Owner Occupied HU | 4,261 (71.5%) |
| Renter Occupied HU | 999 (16.8%) |
| Vacant Housing Units | 698 (11.7%) |
| Median Home Value | $293,991 |
| Average Home Value | $326,186 |
Housing Distribution
Address Breakdown
Residential
5,598
Single Family
5,187
Multi-Family
411
Businesses
322
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Listed by: Mary Bell • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls ID: #G5105543