17931 SE 62nd St SEMorristonFL32668
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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 Morriston at 17931 SE 62nd St SE, Morriston, FL, 32668 generates $18,000/mo in rent and, after a $1,902/mo payment, leaves $15,421/mo in cash flow. Total monthly income is $18,000/mo, and annual cash flow is $185,052/yr on $128,854 invested. Return on cash invested sits at 163.52% in year one, and rental yield is 55.57% on a $388,700 entry. Equity gained on principal adds $2,508/yr, while 5% annual appreciation builds toward $107,391 over five years. Five-year ROI reaches 873.58% and total cumulative return in cash sums $1,125,644. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $18,000/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32668, Morriston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,048 (100%) |
| Owner Occupied HU | 2,332 (76.5%) |
| Renter Occupied HU | 354 (11.6%) |
| Vacant Housing Units | 362 (11.9%) |
| Median Home Value | $280,412 |
| Average Home Value | $344,600 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,714
Multi-Family
0
Businesses
41
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