2985 W Highway 318CitraFL32113
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $249,900, 2985 W Highway 318, Citra, FL, 32113 in Citra generates $1,787/mo in rent (8.58% yield) but nets only $128/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.59) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $69,043. Total projected return: $103,517.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.0% |
| Monthly Cash Flow | $128 | $250 |
City averages based on Citra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,787 |
| Total Monthly Debt Service | $1,559 |
| DSCR Ratio | 1.15x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1984
3 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
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
Manufactured
Built in 1984
3 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices