2024 Lime Tree DrEdgewaterFL32141
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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 Edgewater at 2024 Lime Tree Dr, Edgewater, FL, 32141 uses $106,080 cash to close to unlock $1,785/yr annual cash flow and $149/mo monthly cash flow. Total monthly income runs $2,431/mo, and a $1,566/mo payment keeps the spread at $149/mo. Purchase price stands at $320,000, and rental yield measures 9.12% with $2,431/mo rent. Return on cash invested shows 21.59% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 113.1% and total cumulative return in cash records $119,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,431/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32141, Edgewater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,375 (100%) |
| Owner Occupied HU | 7,361 (78.5%) |
| Renter Occupied HU | 1,080 (11.5%) |
| Vacant Housing Units | 934 ( 10.0%) |
| Median Home Value | $323,737 |
| Average Home Value | $348,320 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
9,035
Multi-Family
104
Businesses
201
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Listed by: Miranda Stripling • LPT Realty, LLC
Mls Name: DBAMLS
Mls Provider:
Mls ID: #1206116
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.