623 Racoon LnLoridaFL33857
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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 Lorida at 623 Racoon Ln, Lorida, FL, 33857 offers $2,090/mo rent that, after a $2,198/mo payment. Total monthly income is $2,090/mo. Return on cash invested measures 12.73% in year one, and rental yield stands at 5.59% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 64.94% and total cumulative return in cash reaches $96,652. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,090/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33857, Lorida, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,391 (100%) |
| Owner Occupied HU | 716 (51.5%) |
| Renter Occupied HU | 129 ( 9.3%) |
| Vacant Housing Units | 546 (39.3%) |
| Median Home Value | $230,208 |
| Average Home Value | $267,402 |
Housing Distribution
Address Breakdown
Residential
845
Single Family
845
Multi-Family
0
Businesses
33
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