409 NE Corbin AveLive OakFL32064
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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 Live Oak at 409 NE Corbin Ave, Live Oak, FL, 32064 priced at $139,900 converts $1,660/mo rent into $731/mo cash flow after a $685/mo obligation. Total monthly income equals $1,660/mo, and annual cash flow totals $8,776/yr on $46,377 invested. Return on cash invested prints 38.83% in year one, and rental yield reads 14.24% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 204.96% and total cumulative return in cash sums $95,055. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,660/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1976
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32064, Live Oak, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,323 (100%) |
| Owner Occupied HU | 1,678 (50.5%) |
| Renter Occupied HU | 1,239 (37.3%) |
| Vacant Housing Units | 406 (12.2%) |
| Median Home Value | $179,538 |
| Average Home Value | $190,061 |
Housing Distribution
Address Breakdown
Residential
2,556
Single Family
2,390
Multi-Family
166
Businesses
635
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Listed by: Dianne Chewning • C-21 Dianne Chewning & Associates
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #792529
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. Information is deemed reliable but not guaranteed.