3466 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
Investment property for sale in Lynn Haven at 3466 Cherry Ridge Rd, Lynn Haven, FL, 32444 uses $109,395 cash to close to unlock $3,759/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $2,503/mo, and a $1,615/mo payment keeps the spread at $313/mo. Purchase price stands at $330,000, and rental yield measures 9.1% with $2,503/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 121.88% and total cumulative return in cash records $133,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,503/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2005
2,613 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: Dien and Andrew Group • Think Real Estate
Mls Name: CPAR
Mls ID: #779132