245 E 3rd Ave UNIT E202Horseshoe BeachFL32648
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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 Horseshoe Beach at 245 E 3rd Ave UNIT E202, Horseshoe Beach, FL, 32648 offers a 9.1% rental yield on a $150,000 purchase with $1,138/mo rent. 49% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 67.63% and total cumulative return in cash at $33,630. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,138/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32648, Horseshoe Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 616 (100%) |
| Owner Occupied HU | 185 (30.0%) |
| Renter Occupied HU | 31 ( 5.0%) |
| Vacant Housing Units | 400 (64.9%) |
| Median Home Value | $162,500 |
| Average Home Value | $196,905 |
Housing Distribution
Address Breakdown
Residential
117
Single Family
117
Multi-Family
0
Businesses
7
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Listed by: Tammy Bryan • Compass Realty
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794200
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.