23880 NE 121st LnSalt SpringsFL32134
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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 Salt Springs at 23880 NE 121st Ln, Salt Springs, FL, 32134 generates $1,511/mo in rent and, after a $1,067/mo payment, leaves $64/mo in cash flow. Total monthly income is $1,511/mo, and annual cash flow is $774/yr on $72,234 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 8.32% on a $217,900 entry. Equity gained on principal adds $1,406/yr, while 5% annual appreciation builds toward $60,202 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash sums $78,888. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,511/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32134, Fort Mc Coy, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,488 (100%) |
| Owner Occupied HU | 3,095 (56.4%) |
| Renter Occupied HU | 513 ( 9.3%) |
| Vacant Housing Units | 1,880 (34.3%) |
| Median Home Value | $179,058 |
| Average Home Value | $242,406 |
Housing Distribution
Address Breakdown
Residential
4,173
Single Family
4,173
Multi-Family
0
Businesses
118
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Listed by: Michelle Dinkins • FL HOME SALES & DEV
Mls Name: Stellar MLS
Mls ID: #OM707882