4524 N Canoe TerHernandoFL34442
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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 Hernando at 4524 N Canoe Ter, Hernando, FL, 34442 priced at $129,900 converts $1,008/mo rent into $146/mo cash flow after a $636/mo obligation. Total monthly income equals $1,008/mo, and annual cash flow totals $1,749/yr on $43,062 invested. Return on cash invested prints 23.97% in year one, and rental yield reads 9.31% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 125.25% and total cumulative return in cash sums $53,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,008/mo property income covering a $636/mo payment, not borrower’s personal income.
Manufactured
Built in 1971
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34442, Hernando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,437 (100%) |
| Owner Occupied HU | 7,741 (74.2%) |
| Renter Occupied HU | 1,132 (10.8%) |
| Vacant Housing Units | 1,564 (15.0%) |
| Median Home Value | $374,320 |
| Average Home Value | $401,900 |
Housing Distribution
Address Breakdown
Residential
9,683
Single Family
9,167
Multi-Family
516
Businesses
304
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Listed by: Dawn Wright • Tropic Shores Realty
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #840479
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