1615 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
Rental property for sale in Steinhatchee at 1615 Rives Ave, Steinhatchee, FL, 32359 generates $1,109/mo in rent and, after a $685/mo payment, leaves $180/mo in cash flow. Total monthly income is $1,109/mo, and annual cash flow is $2,164/yr on $46,377 invested. Return on cash invested sits at 24.58% in year one, and rental yield is 9.51% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 128.55% and total cumulative return in cash sums $59,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,109/mo property income rather than buyer’s personal income.
Manufactured
Built in 1978
6,534 sqft 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: Amy Garver • United Country Smith & Associates Trenton
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #792449
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.