406 NE STATE ROAD 16StarkeFL32091
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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 Starke at 406 NE STATE ROAD 16, Starke, FL, 32091 uses $58,013 cash to close to unlock $2,403/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,362/mo, and a $857/mo payment keeps the spread at $200/mo. Purchase price stands at $175,000, and rental yield measures 9.34% with $1,362/mo rent. Return on cash invested shows 24.05% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 125.72% and total cumulative return in cash records $72,931. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,362/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32091, Starke, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,906 (100%) |
| Owner Occupied HU | 4,374 (63.3%) |
| Renter Occupied HU | 1,672 (24.2%) |
| Vacant Housing Units | 860 (12.5%) |
| Median Home Value | $178,302 |
| Average Home Value | $244,048 |
Housing Distribution
Address Breakdown
Residential
6,552
Single Family
6,315
Multi-Family
237
Businesses
620
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