456 Cove DrSatsumaFL32189
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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 Satsuma at 456 Cove Dr, Satsuma, FL, 32189 generates $2,966/mo in rent and, after a $1,463/mo payment, leaves $982/mo in cash flow. Total monthly income is $2,966/mo, and annual cash flow is $11,789/yr on $99,085 invested. Return on cash invested sits at 31.81% in year one, and rental yield is 11.91% on a $298,900 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,581 over five years. Five-year ROI reaches 167.25% and total cumulative return in cash sums $165,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,966/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32189, Satsuma, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,467 (100%) |
| Owner Occupied HU | 2,237 (64.5%) |
| Renter Occupied HU | 467 (13.5%) |
| Vacant Housing Units | 763 (22.0%) |
| Median Home Value | $121,688 |
| Average Home Value | $206,308 |
Housing Distribution
Address Breakdown
Residential
2,813
Single Family
2,658
Multi-Family
155
Businesses
43
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