6362 Camphead Rd NWAlthaFL32421
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 6362 Camphead Rd NW, Altha, FL, 32421 in Altha offers a clean, manageable entry. Rental yield 6.52%. DSCR 1.21 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $204,448 in additional property value over five years, with $6,815/yr in principal equity building ownership stake. Total projected cumulative return: $224,781.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 6.0% |
| Monthly Cash Flow | $(890) | $300 |
City averages based on Altha market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,021 |
| Total Monthly Debt Service | $4,616 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1934
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32421, Altha, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,919 (100%) |
| Owner Occupied HU | 1,396 (72.7%) |
| Renter Occupied HU | 259 (13.5%) |
| Vacant Housing Units | 264 (13.8%) |
| Median Home Value | $155,430 |
| Average Home Value | $168,225 |
Housing Distribution
Address Breakdown
Residential
1,825
Single Family
1,825
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
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
Single Family
Built in 1934
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32421, Altha, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,919 (100%) |
| Owner Occupied HU | 1,396 (72.7%) |
| Renter Occupied HU | 259 (13.5%) |
| Vacant Housing Units | 264 (13.8%) |
| Median Home Value | $155,430 |
| Average Home Value | $168,225 |
Housing Distribution
Address Breakdown
Residential
1,825
Single Family
1,825
Multi-Family
0
Businesses
52
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices