2860 NE 163rd LnCitraFL32113
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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 Citra at 2860 NE 163rd Ln, Citra, FL, 32113 generates $783/mo in rent and, after a $489/mo payment, leaves $120/mo in cash flow. Total monthly income is $783/mo, and annual cash flow is $1,438/yr on $33,150 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 9.4% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash sums $42,004. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $783/mo property income rather than buyer’s personal income.
Manufactured
Built in 1984
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32113, Citra, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,113 (100%) |
| Owner Occupied HU | 2,105 (67.6%) |
| Renter Occupied HU | 440 (14.1%) |
| Vacant Housing Units | 568 (18.2%) |
| Median Home Value | $209,211 |
| Average Home Value | $263,233 |
Housing Distribution
Address Breakdown
Residential
2,759
Single Family
2,759
Multi-Family
0
Businesses
108
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