3419 Cherry Ridge RdLynn HavenFL32444
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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 Lynn Haven at 3419 Cherry Ridge Rd, Lynn Haven, FL, 32444 generates $2,444/mo in rent and, after a $1,738/mo payment, leaves $88/mo in cash flow. Total monthly income is $2,444/mo, and annual cash flow is $1,053/yr on $117,683 invested. Return on cash invested sits at 20.8% in year one, and rental yield is 8.26% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 108.24% and total cumulative return in cash sums $127,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,444/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32444, Lynn Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,092 (100%) |
| Owner Occupied HU | 6,097 (67.1%) |
| Renter Occupied HU | 1,855 (20.4%) |
| Vacant Housing Units | 1,140 (12.5%) |
| Median Home Value | $376,114 |
| Average Home Value | $436,347 |
Housing Distribution
Address Breakdown
Residential
9,098
Single Family
8,225
Multi-Family
873
Businesses
639
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Listed by: Terry L Nutter • Realty One Group Emerald Coast
Mls Name: CPAR
Mls ID: #783856