3111 W Highway 329ReddickFL32686
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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 Reddick at 3111 W Highway 329, Reddick, FL, 32686 generates $2,357/mo in rent and, after a $1,664/mo payment, leaves $101/mo in cash flow. Total monthly income is $2,357/mo, and annual cash flow is $1,210/yr on $112,710 invested. Return on cash invested sits at 20.98% in year one, and rental yield is 8.32% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 109.18% and total cumulative return in cash sums $123,054. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,357/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
3.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32686, Reddick, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 1,822 (65.6%) |
| Renter Occupied HU | 460 (16.6%) |
| Vacant Housing Units | 494 (17.8%) |
| Median Home Value | $361,867 |
| Average Home Value | $486,017 |
Housing Distribution
Address Breakdown
Residential
1,953
Single Family
1,953
Multi-Family
0
Businesses
103
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