6990 SW Hwy 358 UNIT 2CSteinhatcheeFL32359
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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 Steinhatchee at 6990 SW Hwy 358 UNIT 2C, Steinhatchee, FL, 32359 uses $130,611 cash to close to unlock $3,189/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,928/mo payment keeps the spread at $266/mo. Purchase price stands at $394,000, and rental yield measures 8.77% with $2,880/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $108,855 over five years. Five-year ROI reaches 116.52% and total cumulative return in cash records $152,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,928/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32359, Steinhatchee, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 776 (33.6%) |
| Renter Occupied HU | 123 ( 5.3%) |
| Vacant Housing Units | 1,409 (61.0%) |
| Median Home Value | $157,843 |
| Average Home Value | $241,553 |
Housing Distribution
Address Breakdown
Residential
634
Single Family
633
Multi-Family
1
Businesses
85
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Listed by: Emily Simmons • Bird Rack Realty, Inc
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls ID: #794879