1656 Garrett Mill RdBakerFL32531
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Baker at 1656 Garrett Mill Rd, Baker, FL, 32531 offers a 9.45% rental yield on a $185,000 purchase with $1,457/mo rent. Total monthly income registers $1,457/mo, and a $905/mo payment leaves $230/mo available for distribution. Annual cash flow reaches $2,757/yr on $61,328 to close, and return on cash invested stands at 24.41% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 127.54% and total cumulative return in cash at $78,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,457/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32531, Baker, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,909 (100%) |
| Owner Occupied HU | 2,193 (75.4%) |
| Renter Occupied HU | 417 (14.3%) |
| Vacant Housing Units | 299 (10.3%) |
| Median Home Value | $412,049 |
| Average Home Value | $429,881 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,895
Multi-Family
0
Businesses
104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices