306 Royal Palm WaySpring 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
Rental property for sale in Spring Hill at 306 Royal Palm Way, Spring Hill, FL, 34608 offers $2,266/mo rent that, after a $1,429/mo payment, leaves $238/mo cash flow. Total monthly income is $2,266/mo, and annual cash flow is $2,851/yr on $96,765 cash. Return on cash invested measures 22.86% in year one, and rental yield stands at 9.32% at a $291,900 entry. Equity gained on principal adds $1,884/yr while 5% annual appreciation compounds into $80,647 by year five. Five-year ROI records 119.64% and total cumulative return in cash reaches $115,765. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,266/mo property income versus a $1,429/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
6,300 sqft lot
$N/A/sqft
$91 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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Listed by: Steven Jessings • RE/MAX MARKETING SPECIALISTS
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #W7870500
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511