2639 Royal Ridge DrSpring HillFL34606
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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 Spring Hill at 2639 Royal Ridge Dr, Spring Hill, FL, 34606 priced at $289,000 converts $2,332/mo rent into $100/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,332/mo, and annual cash flow totals $1,196/yr on $95,804 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 9.68% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 111.57% and total cumulative return in cash sums $106,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,332/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.30 Acres lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34606, Spring Hill, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,337 (100%) |
| Owner Occupied HU | 10,033 (70.0%) |
| Renter Occupied HU | 2,922 (20.4%) |
| Vacant Housing Units | 1,382 ( 9.6%) |
| Median Home Value | $275,582 |
| Average Home Value | $306,361 |
Housing Distribution
Address Breakdown
Residential
13,490
Single Family
13,457
Multi-Family
33
Businesses
836
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Listed by: Tracie Maler • Keller Williams Realty - Elite Partners
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #833980
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.