2822 River RdVernonFL32462
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
Investment Highlights
Rental property for sale in Vernon at 2822 River Rd, Vernon, FL, 32462 generates $3,588/mo in rent, after a $3,568/mo payment. Total monthly income is $3,588/mo. Return on cash invested sits at 13.81% in year one, and rental yield is 5.91% on a $729,000 entry. Equity gained on principal adds $4,704/yr, while 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 70.69% and total cumulative return in cash sums $169,548. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,588/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
39.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32462, Vernon, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,270 (65.3%) |
| Renter Occupied HU | 298 (15.3%) |
| Vacant Housing Units | 378 (19.4%) |
| Median Home Value | $212,414 |
| Average Home Value | $243,492 |
Housing Distribution
Address Breakdown
Residential
1,499
Single Family
1,499
Multi-Family
0
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices