517 3rd Ct SWFort MeadeFL33841
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.92% yield at 517 3rd Ct SW, Fort Meade, FL, 33841 in Fort Meade is solid, but the $1,102/mo payment compresses net cash flow to $195/mo at $245,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $67,689 by year five, and $2,256/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.65) without U.S. income documentation. Total projected return: $105,892.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.0% |
| Monthly Cash Flow | $195 | $150 |
City averages based on Fort Meade market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,820 |
| Total Monthly Debt Service | $1,528 |
| DSCR Ratio | 1.19x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tirzo Quintero • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #O6342594