261 NW Honeybee WayGreenvilleFL32331
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $119,000, 261 NW Honeybee Way, Greenville, FL, 32331 in Greenville generates $951/mo in rent (9.03% yield) but nets only $105/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.78) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $32,878. Total projected return: $55,745.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 6.2% |
| Monthly Cash Flow | $105 | $1,500 |
City averages based on Greenville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $951 |
| Total Monthly Debt Service | $742 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1974
16.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32331, Greenville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,142 (100%) |
| Owner Occupied HU | 1,431 (66.8%) |
| Renter Occupied HU | 294 (13.7%) |
| Vacant Housing Units | 417 (19.5%) |
| Median Home Value | $126,442 |
| Average Home Value | $199,979 |
Housing Distribution
Address Breakdown
Residential
1,702
Single Family
1,702
Multi-Family
0
Businesses
88
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
Manufactured
Built in 1974
16.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32331, Greenville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,142 (100%) |
| Owner Occupied HU | 1,431 (66.8%) |
| Renter Occupied HU | 294 (13.7%) |
| Vacant Housing Units | 417 (19.5%) |
| Median Home Value | $126,442 |
| Average Home Value | $199,979 |
Housing Distribution
Address Breakdown
Residential
1,702
Single Family
1,702
Multi-Family
0
Businesses
88
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynette C Sirmon • All Realty Services
Mls Name: TBR
Mls Provider:
Mls ID: #385118
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.