489 N Charles Willis DrMidwayFL32343
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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 Midway at 489 N Charles Willis Dr, Midway, FL, 32343 priced at $282,400 pairs $2,109/mo rent with $228/mo cash flow after a $1,382/mo payment. Total monthly income equals $2,109/mo, and annual cash flow comes to $2,733/yr on $93,616 invested. Return on cash invested is 22.83% in year one, and rental yield stands at 8.96% on a $282,400 basis. Equity gained on principal adds $1,822/yr, and 5% annual appreciation accumulates to $78,022 by year five. Five-year ROI measures 119.11% and total cumulative return in cash reaches $111,510. For financing, Ziffy Mortgage’s DSCR program evaluates $2,109/mo property income against a $1,382/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
8,276 sqft lot
$N/A/sqft
$89 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32343, Midway, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,290 (100%) |
| Owner Occupied HU | 1,002 (77.7%) |
| Renter Occupied HU | 202 (15.7%) |
| Vacant Housing Units | 86 ( 6.7%) |
| Median Home Value | $209,770 |
| Average Home Value | $258,211 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,307
Multi-Family
95
Businesses
172
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Listed by: Dwayne Gavin • The Gavin Group Real Estate LL
Mls Name: TBR
Mls Provider:
Mls ID: #325407
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.