320 15th St SESteinhatcheeFL32359
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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 Steinhatchee at 320 15th St SE, Steinhatchee, FL, 32359 uses $126,799 cash to close to unlock $4,102/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,872/mo payment keeps the spread at $342/mo. Purchase price stands at $382,500, and rental yield measures 9.04% with $2,880/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $105,678 over five years. Five-year ROI reaches 120.77% and total cumulative return in cash records $153,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,872/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.30 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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Listed by: James R Battles • The American Dream
Mls Name: TBR
Mls Provider:
Mls ID: #374328
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.