17931 SE 62nd St SEMorristonFL32668
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 17931 SE 62nd St SE, Morriston, FL, 32668 in Morriston: $18,000/mo in rent, $15,421/mo net, 55.57% gross yield, all on a $388,700 acquisition. The 10.30 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $107,391 in value, and $3,580/yr in principal paydown steadily builds equity. Projected total cumulative return: $1,140,487.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 55.6% | 7.0% |
| Monthly Cash Flow | $15,421 | $300 |
City averages based on Morriston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $18,000 |
| Total Monthly Debt Service | $2,425 |
| DSCR Ratio | 7.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices