485 Morris RdMonticelloFL32344
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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 Monticello at 485 Morris Rd, Monticello, FL, 32344 with 5% annual appreciation on a $189,000 basis while $1,616/mo rent supports operations. Total monthly income totals $1,616/mo and a $925/mo payment preserves $146/mo for cash returns. Annual cash flow comes to $1,753/yr on $62,654 deployed, and return on cash invested reaches 22.71% in year one. Equity gained on principal adds $1,220/yr, and five-year appreciation sums $52,217 alongside rental yield of 10.26%. Five-year ROI measures 120.01% and total cumulative return in cash totals $75,190.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,616/mo property income versus a $925/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32344, Monticello, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,100 (100%) |
| Owner Occupied HU | 4,229 (69.3%) |
| Renter Occupied HU | 1,142 (18.7%) |
| Vacant Housing Units | 729 (12.0%) |
| Median Home Value | $238,535 |
| Average Home Value | $295,786 |
Housing Distribution
Address Breakdown
Residential
5,330
Single Family
5,295
Multi-Family
35
Businesses
311
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Listed by: Susan Gillespie • Lord & Stanley Realty, Inc.
Mls Name: TBR
Mls Provider:
Mls ID: #375856
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.