371 N Kinglet AveHernandoFL34442
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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 Hernando at 371 N Kinglet Ave, Hernando, FL, 34442 priced at $309,900 pairs $3,083/mo rent with $928/mo cash flow after a $1,517/mo payment. Total monthly income equals $3,083/mo, and annual cash flow comes to $11,132/yr on $102,732 invested. Return on cash invested is 30.74% in year one, and rental yield stands at 11.94% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 161.97% and total cumulative return in cash reaches $166,392. For financing, Ziffy Mortgage’s DSCR program evaluates $3,083/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.84 Acres lot
$N/A/sqft
$170 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34442, Hernando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,437 (100%) |
| Owner Occupied HU | 7,741 (74.2%) |
| Renter Occupied HU | 1,132 (10.8%) |
| Vacant Housing Units | 1,564 (15.0%) |
| Median Home Value | $374,320 |
| Average Home Value | $401,900 |
Housing Distribution
Address Breakdown
Residential
9,683
Single Family
9,167
Multi-Family
516
Businesses
304
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Listed by: Richard Kiefer • Kiefer Realty, PA
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #846882
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