5341 N Redwood AveHernandoFL34442
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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 Hernando at 5341 N Redwood Ave, Hernando, FL, 34442 priced at $192,900 pairs $1,498/mo rent with $176/mo cash flow after a $944/mo payment. Total monthly income equals $1,498/mo, and annual cash flow comes to $2,117/yr on $63,946 invested. Return on cash invested is 23.22% in year one, and rental yield stands at 9.32% on a $192,900 basis. Equity gained on principal adds $1,245/yr, and 5% annual appreciation accumulates to $53,295 by year five. Five-year ROI measures 121.51% and total cumulative return in cash reaches $77,699. For financing, Ziffy Mortgage’s DSCR program evaluates $1,498/mo property income against a $944/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
1.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34442, Hernando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,437 (100%) |
| Owner Occupied HU | 7,741 (74.2%) |
| Renter Occupied HU | 1,132 (10.8%) |
| Vacant Housing Units | 1,564 (15.0%) |
| Median Home Value | $374,320 |
| Average Home Value | $401,900 |
Housing Distribution
Address Breakdown
Residential
9,683
Single Family
9,167
Multi-Family
516
Businesses
304
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Listed by: Steven Koleno • Beycome Of Florida LLC
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #842758
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.