240 NE STATE ROAD 16StarkeFL32091
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
Investment Highlights
Investment property for sale in Starke at 240 NE STATE ROAD 16, Starke, FL, 32091 earns $187/mo cash flow from $2,377/mo rent with a $1,615/mo payment. Total monthly income totals $2,377/mo, and annual cash flow totals $2,249/yr on $109,362 capital. ROI tracks 21.97% on current figures, and rental yield reads 8.65% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 114.47% and total cumulative return in cash sums $125,187. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,377/mo property income instead of your personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32091, Starke, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 4,374 (63.3%) |
| Renter Occupied HU | 1,672 (24.2%) |
| Vacant Housing Units | 860 (12.5%) |
| Median Home Value | $178,302 |
| Average Home Value | $244,048 |
Housing Distribution
Address Breakdown
Residential
6,552
Single Family
6,315
Multi-Family
237
Businesses
620
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices