3830 NE 59th TerSilver SpringsFL34488
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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 Silver Springs at 3830 NE 59th Ter, Silver Springs, FL, 34488 generates $1,106/mo in rent and, after a $709/mo payment, leaves $145/mo in cash flow. Total monthly income is $1,106/mo, and annual cash flow is $1,736/yr on $48,034 invested. Return on cash invested sits at 23.52% in year one, and rental yield is 9.16% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 122.84% and total cumulative return in cash sums $59,005. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,106/mo property income rather than buyer’s personal income.
Manufactured
Built in 1975
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34488, Silver Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,418 (100%) |
| Owner Occupied HU | 3,982 (62.0%) |
| Renter Occupied HU | 1,324 (20.6%) |
| Vacant Housing Units | 1,112 (17.3%) |
| Median Home Value | $168,605 |
| Average Home Value | $231,480 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
5,693
Multi-Family
426
Businesses
148
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Listed by: Kenneth Hoffman • SOUTHERN CHARM REALTY OF CF
Mls Name: Stellar MLS
Mls ID: #OM714085