500 Newell Hill Rd UNIT 107DLeesburgFL34748
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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 Leesburg at 500 Newell Hill Rd UNIT 107D, Leesburg, FL, 34748 generates $803/mo in rent, after a $514/mo payment. Total monthly income is $803/mo. Return on cash invested sits at 6.16% in year one, and rental yield is 9.18% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 36.1% and total cumulative return in cash sums $12,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $803/mo property income rather than buyer’s personal income.
Condo
Built in 1979
1,742 sqft lot
$N/A/sqft
$505 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34748, Leesburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,146 (100%) |
| Owner Occupied HU | 16,304 (64.8%) |
| Renter Occupied HU | 5,993 (23.8%) |
| Vacant Housing Units | 2,849 (11.3%) |
| Median Home Value | $298,763 |
| Average Home Value | $338,496 |
Housing Distribution
Address Breakdown
Residential
22,550
Single Family
14,469
Multi-Family
8,081
Businesses
1,365
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Listed by: Megan Hedrick • Mark Spain Real Estate
Mls Name: Space Coast AOR
Mls ID: #1053752
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.