6491 SE 123rd TerMorristonFL32668
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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 Morriston at 6491 SE 123rd Ter, Morriston, FL, 32668 listed at $975,000 pairs $8,621/mo rent with a $4,772/mo payment to leave $2,151/mo cash flow. Total monthly income runs $8,621/mo, and annual cash flow reaches $25,810/yr on $320,775 cash to close. Return on cash invested measures 28.11% in year one, and rental yield registers 10.61% at a $975,000 basis. Equity gained on principal adds $6,292/yr, and annual property appreciation at 5% supports $269,375 by year five. Five-year ROI tracks 147.35% and total cumulative return in cash totals $472,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,621/mo property income relative to a $4,772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2008
20.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32668, Morriston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,048 (100%) |
| Owner Occupied HU | 2,332 (76.5%) |
| Renter Occupied HU | 354 (11.6%) |
| Vacant Housing Units | 362 (11.9%) |
| Median Home Value | $280,412 |
| Average Home Value | $344,600 |
Housing Distribution
Address Breakdown
Residential
2,714
Single Family
2,714
Multi-Family
0
Businesses
41
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Listed by: Marc Pompeo • Harriett Downs Real Estate
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794499
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