2 Mill StWelakaFL32193
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
Investment Highlights
Rental property for sale in Welaka at 2 Mill St, Welaka, FL, 32193 priced at $325,000 pairs $2,209/mo rent with $52/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,209/mo, and annual cash flow comes to $624/yr on $107,738 invested. Return on cash invested is 20.49% in year one, and rental yield stands at 8.16% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 106.52% and total cumulative return in cash reaches $114,757. For financing, Ziffy Mortgage’s DSCR program evaluates $2,209/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32193, Welaka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 444 (48.1%) |
| Renter Occupied HU | 96 (10.4%) |
| Vacant Housing Units | 384 (41.6%) |
| Median Home Value | $317,500 |
| Average Home Value | $463,868 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
409
Multi-Family
70
Businesses
53
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