259 Barnes RdMonticelloFL32344
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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 Monticello at 259 Barnes Rd, Monticello, FL, 32344 listed at $350,000 pairs $2,461/mo rent with a $1,713/mo payment to leave $138/mo cash flow. Total monthly income runs $2,461/mo, and annual cash flow reaches $1,661/yr on $116,025 cash to close. Return on cash invested measures 21.34% in year one, and rental yield registers 8.44% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 111.12% and total cumulative return in cash totals $128,930. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,461/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
4.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32344, Monticello, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,100 (100%) |
| Owner Occupied HU | 4,229 (69.3%) |
| Renter Occupied HU | 1,142 (18.7%) |
| Vacant Housing Units | 729 (12.0%) |
| Median Home Value | $238,535 |
| Average Home Value | $295,786 |
Housing Distribution
Address Breakdown
Residential
5,330
Single Family
5,295
Multi-Family
35
Businesses
311
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Listed by: Pamela J Kelly • Kelly & Kelly Properties, Inc
Mls Name: TBR
Mls Provider:
Mls ID: #386003
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.