2344 N Andrea PointLecantoFL34461
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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 Lecanto at 2344 N Andrea Point, Lecanto, FL, 34461 uses $99,417 cash to close to unlock $2,912/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $2,717/mo, and a $1,468/mo payment keeps the spread at $243/mo. Purchase price stands at $299,900, and rental yield measures 10.87% with $2,717/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash records $120,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,717/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
$484 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
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Listed by: Tammy Diaz • Berkshire Hathaway Homeservice
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #849145
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.