531 Ridge RdMonticelloFL32344
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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
Rental property for sale in Monticello at 531 Ridge Rd, Monticello, FL, 32344 offers $2,929/mo rent that, after a $3,132/mo payment. Total monthly income is $2,929/mo. Return on cash invested measures 12.44% in year one, and rental yield stands at 5.49% at a $639,900 entry. Equity gained on principal adds $4,129/yr while 5% annual appreciation compounds into $176,793 by year five. Five-year ROI records 63.38% and total cumulative return in cash reaches $133,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,929/mo property income versus a $3,132/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
5.54 Acres lot
$N/A/sqft
$242 annually 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
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Listed by: Tiffany Kasdorf • The Nova Group Realty
Mls Name: TBR
Mls Provider:
Mls ID: #380834
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.