2165 Katae AveGrand RidgeFL32442
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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 Grand Ridge at 2165 Katae Ave, Grand Ridge, FL, 32442 priced at $165,000 converts $1,381/mo rent into $286/mo cash flow after a $808/mo obligation. Total monthly income equals $1,381/mo, and annual cash flow totals $3,427/yr on $54,698 invested. Return on cash invested prints 26.18% in year one, and rental yield reads 10.04% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 137.05% and total cumulative return in cash sums $74,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,381/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 2016
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32442, Grand Ridge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,748 (100%) |
| Owner Occupied HU | 1,211 (69.3%) |
| Renter Occupied HU | 299 (17.1%) |
| Vacant Housing Units | 238 (13.6%) |
| Median Home Value | $183,778 |
| Average Home Value | $215,033 |
Housing Distribution
Address Breakdown
Residential
1,643
Single Family
1,643
Multi-Family
0
Businesses
42
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Listed by: Sandi Smith • Dalton Wade Inc
Mls Name: CPAR
Mls Provider:
Mls ID: #770193
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.