283 RILEY LAKE DriveHawthorneFL32640
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
Investment property for sale in Hawthorne at 283 RILEY LAKE Drive, Hawthorne, FL, 32640 offers a 5.48% rental yield on a $450,000 purchase with $2,056/mo rent. 42% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 63.3% and total cumulative return in cash at $94,422. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,056/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.96 Acres lot
$N/A/sqft
$50 voluntary HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32640, Hawthorne, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,734 (67.3%) |
| Renter Occupied HU | 791 (14.3%) |
| Vacant Housing Units | 1,023 (18.4%) |
| Median Home Value | $223,379 |
| Average Home Value | $249,071 |
Housing Distribution
Address Breakdown
Residential
4,379
Single Family
4,379
Multi-Family
0
Businesses
201
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AMBER POWELL • AMERICAN DREAM OF NORTHEAST FLORIDA INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2092652
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. Data is deemed reliable but is not guaranteed accurate by realMLS.