2860 Patriot Ridge DrCrestviewFL32539
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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
Investment property for sale in Crestview at 2860 Patriot Ridge Dr, Crestview, FL, 32539 uses $141,882 cash to close to unlock $622/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $2,947/mo, and a $2,095/mo payment keeps the spread at $52/mo. Purchase price stands at $428,000, and rental yield measures 8.26% with $2,947/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash records $150,311. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,947/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 2022
N/A lot
$N/A/sqft
$657 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32539, Crestview, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,802 (100%) |
| Owner Occupied HU | 9,569 (69.3%) |
| Renter Occupied HU | 3,217 (23.3%) |
| Vacant Housing Units | 1,016 ( 7.4%) |
| Median Home Value | $353,112 |
| Average Home Value | $444,509 |
Housing Distribution
Address Breakdown
Residential
13,286
Single Family
13,183
Multi-Family
103
Businesses
286
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Listed by: Caitlin A Hare • Spence Properties
Mls Name: ECAOR
Mls Provider:
Mls ID: #955872
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. Member number: 28189