618 3rd St NEFort MeadeFL33841
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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
Investment property for sale in Fort Meade at 618 3rd St NE, Fort Meade, FL, 33841 uses $72,930 cash to close to unlock $3,034/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,713/mo, and a $1,077/mo payment keeps the spread at $253/mo. Purchase price stands at $220,000, and rental yield measures 9.34% with $1,713/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 125.74% and total cumulative return in cash records $91,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,713/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.37 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
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Listed by: Michael Wilkin • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #P4937330