262 NE 280th 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
Investment property for sale in Old Town at 262 NE 280th Ave, Old Town, FL, 32680 offers a 8.23% rental yield on a $350,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,713/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $929/yr on $116,025 to close, and return on cash invested stands at 20.71% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 107.74% and total cumulative return in cash at $125,006. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
15 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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