3485 E Kelly AveNomaFL32425
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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 Noma at 3485 E Kelly Ave, Noma, FL, 32425 priced at $285,000 converts $2,257/mo rent into $366/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,257/mo, and annual cash flow totals $4,387/yr on $94,478 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 9.5% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 128.34% and total cumulative return in cash sums $121,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,257/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 1999
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32425, Bonifay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,120 (100%) |
| Owner Occupied HU | 3,931 (64.2%) |
| Renter Occupied HU | 1,287 (21.0%) |
| Vacant Housing Units | 902 (14.7%) |
| Median Home Value | $138,027 |
| Average Home Value | $194,559 |
Housing Distribution
Address Breakdown
Residential
5,312
Single Family
5,267
Multi-Family
45
Businesses
390
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