2550 SE 114th AveMorristonFL32668
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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 Morriston at 2550 SE 114th Ave, Morriston, FL, 32668 offers a 10.29% rental yield on a $249,000 purchase with $2,135/mo rent. Total monthly income registers $2,135/mo, and a $1,219/mo payment leaves $430/mo available for distribution. Annual cash flow reaches $5,165/yr on $82,544 to close, and return on cash invested stands at 26.17% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 137.29% and total cumulative return in cash at $113,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,135/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32668, Morriston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,048 (100%) |
| Owner Occupied HU | 2,332 (76.5%) |
| Renter Occupied HU | 354 (11.6%) |
| Vacant Housing Units | 362 (11.9%) |
| Median Home Value | $280,412 |
| Average Home Value | $344,600 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,714
Multi-Family
0
Businesses
41
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Listed by: Marcia Kasper • Re/Max Allstars Realty
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #841512
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