388 RIVER HILL DriveWelakaFL32193
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow388 RIVER HILL Drive, Welaka, FL, 32193 in Welaka earns its strong cash-flow label: 11.22% yield, $2,338/mo rent, $667/mo net income, DSCR 2.08. The $249,990 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $69,068 by year five. Combined with $2,302/yr in principal paydown, total projected return reaches $138,346.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.0% |
| Monthly Cash Flow | $667 | $400 |
City averages based on Welaka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,338 |
| Total Monthly Debt Service | $1,571 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$135 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32193, Welaka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 444 (48.1%) |
| Renter Occupied HU | 96 (10.4%) |
| Vacant Housing Units | 384 (41.6%) |
| Median Home Value | $317,500 |
| Average Home Value | $463,868 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
409
Multi-Family
70
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
N/A lot
$N/A/sqft
$135 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32193, Welaka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 444 (48.1%) |
| Renter Occupied HU | 96 (10.4%) |
| Vacant Housing Units | 384 (41.6%) |
| Median Home Value | $317,500 |
| Average Home Value | $463,868 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
409
Multi-Family
70
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices