1918 SE 183rd TerSilver SpringsFL34488
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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 Silver Springs at 1918 SE 183rd Ter, Silver Springs, FL, 34488 uses $38,123 cash to close to unlock $1,653/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $901/mo, and a $563/mo payment keeps the spread at $138/mo. Purchase price stands at $115,000, and rental yield measures 9.4% with $901/mo rent. Return on cash invested shows 24.24% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 126.72% and total cumulative return in cash records $48,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $901/mo property income covering a $563/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34488, Silver Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,418 (100%) |
| Owner Occupied HU | 3,982 (62.0%) |
| Renter Occupied HU | 1,324 (20.6%) |
| Vacant Housing Units | 1,112 (17.3%) |
| Median Home Value | $168,605 |
| Average Home Value | $231,480 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
5,693
Multi-Family
426
Businesses
148
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Listed by: Joshua Craig • SUN REALTY & ASSOC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #OM698411
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511