227 NE 838 StreetCross CityFL32628
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 227 NE 838 Street, Cross City, FL, 32628 in Cross City is a conservative rental investment at $195,000. Rental yield 7.02%. A 1.30 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $53,875; $1,796/yr in principal paydown supplements. Total projected return: $64,489.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.0% |
| Monthly Cash Flow | $(153) | $1,200 |
City averages based on Cross City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,141 |
| Total Monthly Debt Service | $1,216 |
| DSCR Ratio | 0.94x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32628, Cross City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,658 (100%) |
| Owner Occupied HU | 958 (57.8%) |
| Renter Occupied HU | 395 (23.8%) |
| Vacant Housing Units | 305 (18.4%) |
| Median Home Value | $106,132 |
| Average Home Value | $139,982 |
Housing Distribution
Address Breakdown
Residential
1,032
Single Family
999
Multi-Family
33
Businesses
174
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
Single Family
Built in 1965
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32628, Cross City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,658 (100%) |
| Owner Occupied HU | 958 (57.8%) |
| Renter Occupied HU | 395 (23.8%) |
| Vacant Housing Units | 305 (18.4%) |
| Median Home Value | $106,132 |
| Average Home Value | $139,982 |
Housing Distribution
Address Breakdown
Residential
1,032
Single Family
999
Multi-Family
33
Businesses
174
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #B26067692