6898 County Road 214MelroseFL32666
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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 Melrose at 6898 County Road 214, Melrose, FL, 32666 uses $89,505 cash to close to unlock $2,097/yr annual cash flow and $175/mo monthly cash flow. Total monthly income runs $1,967/mo, and a $1,322/mo payment keeps the spread at $175/mo. Purchase price stands at $270,000, and rental yield measures 8.74% with $1,967/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 116% and total cumulative return in cash records $103,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,967/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32666, Melrose, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,302 (100%) |
| Owner Occupied HU | 2,299 (69.6%) |
| Renter Occupied HU | 396 (12.0%) |
| Vacant Housing Units | 607 (18.4%) |
| Median Home Value | $319,910 |
| Average Home Value | $352,191 |
Housing Distribution
Address Breakdown
Residential
2,600
Single Family
2,600
Multi-Family
0
Businesses
174
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