1960 NE River RdSteinhatcheeFL32359
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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 Steinhatchee at 1960 NE River Rd, Steinhatchee, FL, 32359 earns $193/mo cash flow from $1,248/mo rent with a $778/mo payment. Total monthly income totals $1,248/mo, and annual cash flow totals $2,317/yr on $52,709 capital. ROI tracks 24.3% on current figures, and rental yield reads 9.42% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 127.11% and total cumulative return in cash sums $66,996. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,248/mo property income instead of your personal income.
Single Family
Built in 2001
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Listed by: Henry Mitchell Iii • Hatcher Realty Services, Inc. Cross City
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #795174