388 RIVER HILL DriveWelakaFL32193
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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 Welaka at 388 RIVER HILL Drive, Welaka, FL, 32193 listed at $249,990 pairs $2,338/mo rent with a $1,224/mo payment to leave $667/mo cash flow. Total monthly income runs $2,338/mo, and annual cash flow reaches $8,008/yr on $82,872 cash to close. Return on cash invested measures 29.57% in year one, and rental yield registers 11.22% at a $249,990 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,068 by year five. Five-year ROI tracks 155.35% and total cumulative return in cash totals $128,743. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,338/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: JAMIE CHUNG WHITFIELD • WJH BROKERAGE FL LLC
Mls Name: realMLS
Mls Provider:
Mls ID: #2042732
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by realMLS.