3860 NE 60th CtSilver 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
Investment property for sale in Silver Springs at 3860 NE 60th Ct, Silver Springs, FL, 34488 earns $135/mo cash flow from $1,098/mo rent with a $710/mo payment. Total monthly income totals $1,098/mo, and annual cash flow totals $1,626/yr on $48,068 capital. ROI tracks 23.29% on current figures, and rental yield reads 9.09% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 121.6% and total cumulative return in cash sums $58,448. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,098/mo property income instead of your personal income.
Manufactured
Built in 1986
0.28 Acres 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: Arthur Lovarco • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #OM711751