311 SUMMIT StreetCrescent CityFL32112
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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 Crescent City at 311 SUMMIT Street, Crescent City, FL, 32112 listed at $299,000 pairs $2,090/mo rent with a $1,463/mo payment to leave $106/mo cash flow. Total monthly income runs $2,090/mo, and annual cash flow reaches $1,275/yr on $99,119 cash to close. Return on cash invested measures 21.2% in year one, and rental yield registers 8.39% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 110.35% and total cumulative return in cash totals $109,378. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,090/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32112, Crescent City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 2,488 (61.6%) |
| Renter Occupied HU | 704 (17.4%) |
| Vacant Housing Units | 849 (21.0%) |
| Median Home Value | $229,481 |
| Average Home Value | $338,020 |
Housing Distribution
Address Breakdown
Residential
3,323
Single Family
3,292
Multi-Family
31
Businesses
227
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Listed by: JANA MCNALLY • CENTURY 21 TRITON REALTY
Mls Name: realMLS
Mls Provider:
Mls ID: #2045353
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. Data is deemed reliable but is not guaranteed accurate by realMLS.