626 Balboa AveInvernessFL34452
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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 Inverness at 626 Balboa Ave, Inverness, FL, 34452 priced at $141,100 converts $1,886/mo rent into $796/mo cash flow after a $691/mo obligation. Total monthly income equals $1,886/mo, and annual cash flow totals $9,554/yr on $46,775 invested. Return on cash invested prints 40.33% in year one, and rental yield reads 16.04% against a $141,100 entry. Equity gained on principal adds $911/yr, while 5% annual appreciation compiles into $38,983 by year five. Five-year ROI reaches 214.47% and total cumulative return in cash sums $100,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,886/mo property income covering a $691/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.40 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
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