76 NE 309th AveOld TownFL32680
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 76 NE 309th Ave, Old Town, FL, 32680 uses $62,952 cash to close to unlock $4,238/yr annual cash flow and $353/mo monthly cash flow. Total monthly income runs $1,624/mo, and a $929/mo payment keeps the spread at $353/mo. Purchase price stands at $189,900, and rental yield measures 10.26% with $1,624/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 139.7% and total cumulative return in cash records $87,941. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,624/mo property income covering a $929/mo payment rather than investor’s personal income.
Manufactured
Built in 2022
2.19 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen David • Hometown Realty of North Fl. Inc.
Mls Name: Dixie-Gilchrist Levy Counties BOR
Mls Provider:
Mls ID: #793995
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.