6920 Florida StGrand RidgeFL32442
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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 Grand Ridge at 6920 Florida St, Grand Ridge, FL, 32442 offers a 4.93% rental yield on a $275,000 purchase with $1,129/mo rent. 75% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 54.36% and total cumulative return in cash at $49,559. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,129/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32442, Grand Ridge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,748 (100%) |
| Owner Occupied HU | 1,211 (69.3%) |
| Renter Occupied HU | 299 (17.1%) |
| Vacant Housing Units | 238 (13.6%) |
| Median Home Value | $183,778 |
| Average Home Value | $215,033 |
Housing Distribution
Address Breakdown
Residential
1,643
Single Family
1,643
Multi-Family
0
Businesses
42
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Listed by: Larry E Cobb • Florida Showcase Realty, LLC
Mls Name: CPAR
Mls ID: #779312