616 NE Hillside TerLeeFL32059
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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 Lee at 616 NE Hillside Ter, Lee, FL, 32059 priced at $249,900 pairs $2,400/mo rent with $742/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,400/mo, and annual cash flow comes to $8,901/yr on $82,842 invested. Return on cash invested is 30.65% in year one, and rental yield stands at 11.52% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 161.05% and total cumulative return in cash reaches $133,418. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2019
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32059, Lee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,321 (100%) |
| Owner Occupied HU | 898 (68.0%) |
| Renter Occupied HU | 184 (13.9%) |
| Vacant Housing Units | 239 (18.1%) |
| Median Home Value | $133,889 |
| Average Home Value | $215,434 |
Housing Distribution
Address Breakdown
Residential
1,246
Single Family
1,246
Multi-Family
0
Businesses
62
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