373 W NEW ENGLAND DriveElktonFL32033
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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 Elkton at 373 W NEW ENGLAND Drive, Elkton, FL, 32033 generates $4,187/mo in rent and, after a $2,687/mo payment, leaves $544/mo in cash flow. Total monthly income is $4,187/mo, and annual cash flow is $6,526/yr on $180,621 invested. Return on cash invested sits at 23.67% in year one, and rental yield is 9.15% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 123.58% and total cumulative return in cash sums $223,220. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,187/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32033, Elkton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,176 (100%) |
| Owner Occupied HU | 1,751 (80.5%) |
| Renter Occupied HU | 258 (11.9%) |
| Vacant Housing Units | 167 ( 7.7%) |
| Median Home Value | $383,380 |
| Average Home Value | $421,982 |
Housing Distribution
Address Breakdown
Residential
2,218
Single Family
2,218
Multi-Family
0
Businesses
97
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