2597 NE 389th AveOld TownFL32680
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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
Rental property for sale in Old Town at 2597 NE 389th Ave, Old Town, FL, 32680 generates $896/mo in rent and, after a $587/mo payment, leaves $100/mo in cash flow. Total monthly income is $896/mo, and annual cash flow is $1,200/yr on $39,780 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 8.96% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash sums $47,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $896/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32680, Old Town, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,719 (100%) |
| Owner Occupied HU | 3,957 (58.9%) |
| Renter Occupied HU | 731 (10.9%) |
| Vacant Housing Units | 2,031 (30.2%) |
| Median Home Value | $119,342 |
| Average Home Value | $149,539 |
Housing Distribution
Address Breakdown
Residential
4,759
Single Family
4,759
Multi-Family
0
Businesses
148
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Listed by: Sandi Mcgee • United Country Smith & Associates Chiefland
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #795039
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.