5161 La Strada Pl #225ElktonFL32033
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 5161 La Strada Pl #225, Elkton, FL, 32033 in Elkton at $137,500 earns $1,100/mo in rent and nets $188/mo after the $618/mo payment, a 9.6% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $37,989 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,266/yr in principal paydown, total projected return reaches $64,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $188 | $1,600 |
City averages based on Elkton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,100 |
| Total Monthly Debt Service | $858 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32033, Elkton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,176 (100%) |
| Owner Occupied HU | 1,751 (80.5%) |
| Renter Occupied HU | 258 (11.9%) |
| Vacant Housing Units | 167 ( 7.7%) |
| Median Home Value | $383,380 |
| Average Home Value | $421,982 |
Housing Distribution
Address Breakdown
Residential
2,218
Single Family
2,218
Multi-Family
0
Businesses
97
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
Manufactured
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32033, Elkton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,176 (100%) |
| Owner Occupied HU | 1,751 (80.5%) |
| Renter Occupied HU | 258 (11.9%) |
| Vacant Housing Units | 167 ( 7.7%) |
| Median Home Value | $383,380 |
| Average Home Value | $421,982 |
Housing Distribution
Address Breakdown
Residential
2,218
Single Family
2,218
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices