6188 Old River RdBakerFL32531
Nearby investment properties with comparable rents
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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 Baker at 6188 Old River Rd, Baker, FL, 32531 priced at $185,000 converts $1,346/mo rent into $119/mo cash flow after a $905/mo obligation. Total monthly income equals $1,346/mo, and annual cash flow totals $1,425/yr on $61,328 invested. Return on cash invested prints 22.23% in year one, and rental yield reads 8.73% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 115.9% and total cumulative return in cash sums $71,079. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,346/mo property income covering a $905/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
7.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32531, Baker, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,909 (100%) |
| Owner Occupied HU | 2,193 (75.4%) |
| Renter Occupied HU | 417 (14.3%) |
| Vacant Housing Units | 299 (10.3%) |
| Median Home Value | $412,049 |
| Average Home Value | $429,881 |
Housing Distribution
Address Breakdown
Residential
2,895
Single Family
2,895
Multi-Family
0
Businesses
104
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Listed by: Christina K Black • Keller Williams Realty Cview
Mls Name: ECAOR
Mls Provider:
Mls ID: #974765
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. Member number: 28189