517 3rd Ct SWFort MeadeFL33841
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
Rental property for sale in Fort Meade at 517 3rd Ct SW, Fort Meade, FL, 33841 priced at $245,000 converts $1,820/mo rent into $194/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,820/mo, and annual cash flow totals $2,331/yr on $81,218 invested. Return on cash invested prints 22.78% in year one, and rental yield reads 8.91% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 118.87% and total cumulative return in cash sums $96,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,820/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33841, Fort Meade, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,643 (100%) |
| Owner Occupied HU | 2,300 (63.1%) |
| Renter Occupied HU | 619 (17.0%) |
| Vacant Housing Units | 724 (19.9%) |
| Median Home Value | $148,571 |
| Average Home Value | $215,389 |
Housing Distribution
Address Breakdown
Residential
3,393
Single Family
3,217
Multi-Family
176
Businesses
207
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Listed by: Tirzo Quintero • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #O6342594