38 Boondock RdLoridaFL33857
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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 Lorida at 38 Boondock Rd, Lorida, FL, 33857 priced at $120,000 converts $924/mo rent into $128/mo cash flow after a $587/mo obligation. Total monthly income equals $924/mo, and annual cash flow totals $1,536/yr on $39,780 invested. Return on cash invested prints 23.77% in year one, and rental yield reads 9.24% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 124.09% and total cumulative return in cash sums $49,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $924/mo property income covering a $587/mo payment, not borrower’s personal income.
Manufactured
Built in 1973
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33857, Lorida, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,391 (100%) |
| Owner Occupied HU | 716 (51.5%) |
| Renter Occupied HU | 129 ( 9.3%) |
| Vacant Housing Units | 546 (39.3%) |
| Median Home Value | $230,208 |
| Average Home Value | $267,402 |
Housing Distribution
Address Breakdown
Residential
845
Single Family
845
Multi-Family
0
Businesses
33
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