3840 Lema DrSpring HillFL34609
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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 Spring Hill at 3840 Lema Dr, Spring Hill, FL, 34609 uses $99,119 cash to close to unlock $4,179/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,332/mo, and a $1,463/mo payment keeps the spread at $348/mo. Purchase price stands at $299,000, and rental yield measures 9.36% with $2,332/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 126.08% and total cumulative return in cash records $124,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34609, Spring Hill, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,358 (100%) |
| Owner Occupied HU | 16,098 (79.1%) |
| Renter Occupied HU | 3,096 (15.2%) |
| Vacant Housing Units | 1,164 ( 5.7%) |
| Median Home Value | $346,231 |
| Average Home Value | $372,548 |
Housing Distribution
Address Breakdown
Residential
18,800
Single Family
18,316
Multi-Family
484
Businesses
658
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Listed by: Summer Philhower • Peoples Trust Realty Inc
Mls Name: HCMLS
Mls ID: #2255432