8564 N Merrimac WayCitrus SpringsFL34434
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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
Rental property for sale in Citrus Springs at 8564 N Merrimac Way, Citrus Springs, FL, 34434 generates $2,191/mo in rent and, after a $1,615/mo payment, leaves $1/mo in cash flow. Total monthly income is $2,191/mo, and annual cash flow is $15/yr on $109,395 invested. Return on cash invested sits at 19.92% in year one, and rental yield is 7.97% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 103.53% and total cumulative return in cash sums $113,255. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,191/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34434, Dunnellon, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,400 (100%) |
| Owner Occupied HU | 4,178 (77.4%) |
| Renter Occupied HU | 693 (12.8%) |
| Vacant Housing Units | 529 ( 9.8%) |
| Median Home Value | $264,490 |
| Average Home Value | $277,639 |
Housing Distribution
Address Breakdown
Residential
5,226
Single Family
5,226
Multi-Family
0
Businesses
84
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Listed by: Lourdes Billingsley • LMB Real Estate Service
Mls Name: Realtors Association of Citrus County
Mls Provider:
Mls ID: #844267
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.