370 Mae Cato DrMidwayFL32343
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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 Midway at 370 Mae Cato Dr, Midway, FL, 32343 uses $102,765 cash to close to unlock $3,093/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $2,384/mo, and a $1,517/mo payment keeps the spread at $258/mo. Purchase price stands at $310,000, and rental yield measures 9.23% with $2,384/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 119.86% and total cumulative return in cash records $123,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,384/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.59 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32343, Midway, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 1,002 (77.7%) |
| Renter Occupied HU | 202 (15.7%) |
| Vacant Housing Units | 86 ( 6.7%) |
| Median Home Value | $209,770 |
| Average Home Value | $258,211 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,307
Multi-Family
95
Businesses
172
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Listed by: Chip L Williams • Keller Williams Town & Country
Mls Name: TBR
Mls Provider:
Mls ID: #383936
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.