5091 NE 61st Avenue RdSilver SpringsFL34488
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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 Silver Springs at 5091 NE 61st Avenue Rd, Silver Springs, FL, 34488 uses $159,120 cash to close to unlock $5,508/yr annual cash flow and $459/mo monthly cash flow. Total monthly income runs $3,644/mo, and a $2,349/mo payment keeps the spread at $459/mo. Purchase price stands at $480,000, and rental yield measures 9.11% with $3,644/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 121.99% and total cumulative return in cash records $194,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,644/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34488, Silver Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,418 (100%) |
| Owner Occupied HU | 3,982 (62.0%) |
| Renter Occupied HU | 1,324 (20.6%) |
| Vacant Housing Units | 1,112 (17.3%) |
| Median Home Value | $168,605 |
| Average Home Value | $231,480 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
5,693
Multi-Family
426
Businesses
148
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Listed by: Raymond Mears • SMITH & ASSOCIATES REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #OM706320