3871 E Parsons Point RdHernandoFL34442
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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 Hernando at 3871 E Parsons Point Rd, Hernando, FL, 34442 uses $65,969 cash to close to unlock $2,357/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,517/mo, and a $974/mo payment keeps the spread at $196/mo. Purchase price stands at $199,000, and rental yield measures 9.15% with $1,517/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 122.63% and total cumulative return in cash records $80,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,517/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34442, Hernando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,437 (100%) |
| Owner Occupied HU | 7,741 (74.2%) |
| Renter Occupied HU | 1,132 (10.8%) |
| Vacant Housing Units | 1,564 (15.0%) |
| Median Home Value | $374,320 |
| Average Home Value | $401,900 |
Housing Distribution
Address Breakdown
Residential
9,683
Single Family
9,167
Multi-Family
516
Businesses
304
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