515 E Palmer Mill RdMonticelloFL32344
Nearby investment properties with comparable rents
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
Total monthly income runs $3,240/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 6.65% with $3,240/mo rent. Return on cash invested shows 16.06% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 82.77% and total cumulative return in cash records $159,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,240/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1904
3.54 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenna Kelly Ward • Kelly & Kelly Properties, Inc
Mls Name: TBR
Mls ID: #392310