1698 W Spring Meadow LoopLecantoFL34461
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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 Lecanto at 1698 W Spring Meadow Loop, Lecanto, FL, 34461 listed at $235,000 pairs $2,292/mo rent with a $1,150/mo payment to leave $333/mo cash flow. Total monthly income runs $2,292/mo, and annual cash flow reaches $3,994/yr on $77,903 cash to close. Return on cash invested measures 25.04% in year one, and rental yield registers 11.7% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 133.14% and total cumulative return in cash totals $103,720. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,292/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2005
3,049 sqft lot
$N/A/sqft
$346 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
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Listed by: Lori Flagg • Berkshire Hathaway Homeservice
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #848142
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.