3690 SE 54th AveMorristonFL32668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morriston at 3690 SE 54th Ave, Morriston, FL, 32668 generates $3,584/mo in rent, after a $2,932/mo payment. Total monthly income is $3,584/mo. Return on cash invested sits at 17.68% in year one, and rental yield is 7.18% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 91.43% and total cumulative return in cash sums $180,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,584/mo property income rather than buyer’s personal income.
Manufactured
Built in 2011
10.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32668, Morriston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,048 (100%) |
| Owner Occupied HU | 2,332 (76.5%) |
| Renter Occupied HU | 354 (11.6%) |
| Vacant Housing Units | 362 (11.9%) |
| Median Home Value | $280,412 |
| Average Home Value | $344,600 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,714
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices