8618 E Gospel Island Rd LOT 11InvernessFL34450
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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 Inverness at 8618 E Gospel Island Rd LOT 11, Inverness, FL, 34450 offers a 9.03% rental yield on a $107,700 purchase with $810/mo rent. Total monthly income registers $810/mo, and a $527/mo payment leaves $95/mo available for distribution. Annual cash flow reaches $1,145/yr on $35,703 to close, and return on cash invested stands at 23.12% in year one. Equity gained on principal adds $695/yr while 5% annual appreciation supports $29,756 over five years. Portfolio math shows five-year ROI at 120.69% and total cumulative return in cash at $43,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $810/mo property income against a $527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34450, Inverness, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,538 (100%) |
| Owner Occupied HU | 4,512 (69.0%) |
| Renter Occupied HU | 1,078 (16.5%) |
| Vacant Housing Units | 948 (14.5%) |
| Median Home Value | $246,358 |
| Average Home Value | $277,330 |
Housing Distribution
Address Breakdown
Residential
5,938
Single Family
5,867
Multi-Family
71
Businesses
378
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