2689 N Carnoustie LoopLecantoFL34461
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2689 N Carnoustie Loop, Lecanto, FL, 34461 in Lecanto the bet is firmly on appreciation. Rental yield 5.97%. The 5.97% gross yield on a $749,000 price is below income-first thresholds, but 5%/yr value growth projects $206,935 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.11) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $192,204.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 6.5% |
| Monthly Cash Flow | $(1,464) | $250 |
City averages based on Lecanto market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,728 |
| Total Monthly Debt Service | $4,894 |
| DSCR Ratio | 0.76x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 2005
0.45 Acres lot
$N/A/sqft
$665 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
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
Single Family
Built in 2005
0.45 Acres lot
$N/A/sqft
$665 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34461, Lecanto, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,511 (100%) |
| Owner Occupied HU | 4,308 (78.2%) |
| Renter Occupied HU | 663 (12.0%) |
| Vacant Housing Units | 540 ( 9.8%) |
| Median Home Value | $333,631 |
| Average Home Value | $379,618 |
Housing Distribution
Address Breakdown
Residential
5,214
Single Family
4,830
Multi-Family
384
Businesses
380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leslie N Landham • RE/MAX Foxfire - HWY 40
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #846951
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.