508 Sparrow StLynn HavenFL32444
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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 Lynn Haven at 508 Sparrow St, Lynn Haven, FL, 32444 priced at $349,000 converts $2,720/mo rent into $404/mo cash flow after a $1,708/mo obligation. Total monthly income equals $2,720/mo, and annual cash flow totals $4,850/yr on $115,694 invested. Return on cash invested prints 24.1% in year one, and rental yield reads 9.35% against a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation compiles into $96,422 by year five. Five-year ROI reaches 125.94% and total cumulative return in cash sums $145,704. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,720/mo property income covering a $1,708/mo payment, not borrower’s personal income.
Single Family
Built in 1985
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32444, Lynn Haven, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,092 (100%) |
| Owner Occupied HU | 6,097 (67.1%) |
| Renter Occupied HU | 1,855 (20.4%) |
| Vacant Housing Units | 1,140 (12.5%) |
| Median Home Value | $376,114 |
| Average Home Value | $436,347 |
Housing Distribution
Address Breakdown
Residential
9,098
Single Family
8,225
Multi-Family
873
Businesses
639
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Listed by: Crystal Ball • Anchor Realty Florida
Mls Name: CPAR
Mls ID: #784160