2 NE Sixth StSteinhatcheeFL32359
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 Steinhatchee at 2 NE Sixth St, Steinhatchee, FL, 32359 priced at $284,900 converts $1,911/mo rent into $21/mo cash flow after a $1,394/mo obligation. Total monthly income equals $1,911/mo, and annual cash flow totals $250/yr on $94,444 invested. Return on cash invested prints 20.17% in year one, and rental yield reads 8.05% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 104.85% and total cumulative return in cash sums $99,023. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,911/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.34 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: Dewey Hatcher • Hatcher Realty Services, Inc. Steinhatchee
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #796341