3 NE Fourth AveSteinhatcheeFL32359
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 Steinhatchee at 3 NE Fourth Ave, Steinhatchee, FL, 32359 priced at $125,000 pairs $952/mo rent with $122/mo cash flow after a $612/mo payment. Total monthly income equals $952/mo, and annual cash flow comes to $1,467/yr on $41,438 invested. Return on cash invested is 23.45% in year one, and rental yield stands at 9.14% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 122.48% and total cumulative return in cash reaches $50,753. For financing, Ziffy Mortgage’s DSCR program evaluates $952/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1989
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Nearby investment properties with comparable prices
Listed by: Gabrielle Davis • eXp Realty LLC
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #795309