193 S Fitzpatrick AveInvernessFL34453
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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 Inverness at 193 S Fitzpatrick Ave, Inverness, FL, 34453 offers $1,974/mo rent that, after a $1,272/mo payment, leaves $249/mo cash flow. Total monthly income is $1,974/mo, and annual cash flow is $2,992/yr on $86,157 cash. Return on cash invested measures 23.38% in year one, and rental yield stands at 9.11% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 122.09% and total cumulative return in cash reaches $105,190. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,974/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34453, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,867 (100%) |
| Owner Occupied HU | 4,088 (69.7%) |
| Renter Occupied HU | 1,043 (17.8%) |
| Vacant Housing Units | 736 (12.5%) |
| Median Home Value | $208,612 |
| Average Home Value | $259,683 |
Housing Distribution
Address Breakdown
Residential
5,783
Single Family
5,655
Multi-Family
128
Businesses
368
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