3037 Magellan AveSpring HillFL34608
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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 Spring Hill at 3037 Magellan Ave, Spring Hill, FL, 34608 listed at $196,200 pairs $2,767/mo rent with a $960/mo payment to leave $1,317/mo cash flow. Total monthly income runs $2,767/mo, and annual cash flow reaches $15,801/yr on $65,040 cash to close. Return on cash invested measures 44.2% in year one, and rental yield registers 16.92% at a $196,200 basis. Equity gained on principal adds $1,266/yr, and annual property appreciation at 5% supports $54,206 by year five. Five-year ROI tracks 234.71% and total cumulative return in cash totals $152,655. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,767/mo property income relative to a $960/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1982
10,018 sqft lot
$N/A/sqft
$4 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34608, Spring Hill, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,552 (100%) |
| Owner Occupied HU | 11,227 (72.2%) |
| Renter Occupied HU | 3,143 (20.2%) |
| Vacant Housing Units | 1,182 ( 7.6%) |
| Median Home Value | $312,231 |
| Average Home Value | $334,098 |
Housing Distribution
Address Breakdown
Residential
14,222
Single Family
14,047
Multi-Family
175
Businesses
226
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Nearby investment properties with comparable prices
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