23887 NW 183rd RdHigh SpringsFL32643
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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 High Springs at 23887 NW 183rd Rd, High Springs, FL, 32643 uses $79,229 cash to close to unlock $4,029/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $1,170/mo payment keeps the spread at $336/mo. Purchase price stands at $239,000, and rental yield measures 9.65% with $1,922/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 130.71% and total cumulative return in cash records $103,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1971
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32643, High Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,639 (100%) |
| Owner Occupied HU | 4,490 (79.6%) |
| Renter Occupied HU | 742 (13.2%) |
| Vacant Housing Units | 407 ( 7.2%) |
| Median Home Value | $327,605 |
| Average Home Value | $354,263 |
Housing Distribution
Address Breakdown
Residential
5,534
Single Family
5,534
Multi-Family
0
Businesses
273
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Listed by: Kristi Crane • WATSON REALTY CORP- TIOGA
Mls Name: Stellar MLS
Mls ID: #GC535331