480 W Lakeview DrWewahitchkaFL32465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wewahitchka at 480 W Lakeview Dr, Wewahitchka, FL, 32465 priced at $525,000 pairs $1,050/mo rent with after a $2,570/mo payment. Total monthly income equals $1,050/mo. Return on cash invested is 3.15% in year one, and rental yield stands at 2.4% on a $525,000 basis. Equity gained on principal adds $3,388/yr, and 5% annual appreciation accumulates to $145,048 by year five. Five-year ROI measures 13.52% and total cumulative return in cash reaches $23,361. For financing, Ziffy Mortgage’s DSCR program evaluates $1,050/mo property income against a $2,570/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carmen Mansfield • McClellan Realty
Mls Name: Forgotten Coast Realtor Association
Mls ID: #323822