1741 N Prospect AveLecantoFL34461
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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 Lecanto at 1741 N Prospect Ave, Lecanto, FL, 34461 priced at $315,000 converts $2,527/mo rent into $436/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,527/mo, and annual cash flow totals $5,236/yr on $104,423 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 9.63% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 130.34% and total cumulative return in cash sums $136,109. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,527/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.02 Acres lot
$N/A/sqft
No 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: Madison Allen • Homerun Realty LLC
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #840742
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.