7022 E Channel DrHernandoFL34442
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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 Hernando at 7022 E Channel Dr, Hernando, FL, 34442 uses $59,670 cash to close to unlock $2,046/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,365/mo, and a $881/mo payment keeps the spread at $171/mo. Purchase price stands at $180,000, and rental yield measures 9.1% with $1,365/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 121.84% and total cumulative return in cash records $72,701. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,365/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34442, Hernando, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,437 (100%) |
| Owner Occupied HU | 7,741 (74.2%) |
| Renter Occupied HU | 1,132 (10.8%) |
| Vacant Housing Units | 1,564 (15.0%) |
| Median Home Value | $374,320 |
| Average Home Value | $401,900 |
Housing Distribution
Address Breakdown
Residential
9,683
Single Family
9,167
Multi-Family
516
Businesses
304
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Listed by: Laura Bush PA • RE/MAX Realty One
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #837457
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.