741 NE 230th AveOld TownFL32680
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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 Old Town at 741 NE 230th Ave, Old Town, FL, 32680 offers a 9.01% rental yield on a $130,000 purchase with $976/mo rent. Total monthly income registers $976/mo, and a $636/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,363/yr on $43,095 to close, and return on cash invested stands at 23.07% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 120.44% and total cumulative return in cash at $51,903. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $976/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
4.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32680, Old Town, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,719 (100%) |
| Owner Occupied HU | 3,957 (58.9%) |
| Renter Occupied HU | 731 (10.9%) |
| Vacant Housing Units | 2,031 (30.2%) |
| Median Home Value | $119,342 |
| Average Home Value | $149,539 |
Housing Distribution
Address Breakdown
Residential
4,759
Single Family
4,759
Multi-Family
0
Businesses
148
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Listed by: Vernisha Pinner • Hatcher Realty Services, Inc. Cross City
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #794844
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.