3881 Areca DrSaint James CityFL33956
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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
Rental property for sale in Saint James City at 3881 Areca Dr, Saint James City, FL, 33956 priced at $275,000 converts $1,879/mo rent into $54/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,879/mo, and annual cash flow totals $648/yr on $91,163 invested. Return on cash invested prints 20.62% in year one, and rental yield reads 8.2% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 107.29% and total cumulative return in cash sums $97,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,879/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
4,138 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33956, Saint James City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,514 (100%) |
| Owner Occupied HU | 1,959 (55.7%) |
| Renter Occupied HU | 184 ( 5.2%) |
| Vacant Housing Units | 1,371 (39.0%) |
| Median Home Value | $481,848 |
| Average Home Value | $575,255 |
Housing Distribution
Address Breakdown
Residential
2,911
Single Family
2,911
Multi-Family
0
Businesses
135
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Listed by: Lisa Wilson • John R. Wood Properties
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #224082499
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2024 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.