6050 E Slate StInvernessFL34452
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
Investment property for sale in Inverness at 6050 E Slate St, Inverness, FL, 34452 uses $74,256 cash to close to unlock $7,210/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,096/mo payment keeps the spread at $601/mo. Purchase price stands at $224,000, and rental yield measures 11.18% with $2,087/mo rent. Return on cash invested shows 29.62% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 155.5% and total cumulative return in cash records $115,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34452, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,354 (100%) |
| Owner Occupied HU | 4,720 (74.3%) |
| Renter Occupied HU | 1,061 (16.7%) |
| Vacant Housing Units | 573 ( 9.0%) |
| Median Home Value | $249,839 |
| Average Home Value | $358,011 |
Housing Distribution
Address Breakdown
Residential
5,870
Single Family
5,839
Multi-Family
31
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James A Gallagher • Coldwell Banker Investors Realty
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #828069
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.