9389 Florida StFanning SpringsFL32693
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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 Fanning Springs at 9389 Florida St, Fanning Springs, FL, 32693 uses $49,692 cash to close to unlock $1,907/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $1,154/mo, and a $734/mo payment keeps the spread at $159/mo. Purchase price stands at $149,900, and rental yield measures 9.24% with $1,154/mo rent. Return on cash invested shows 23.75% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 123.98% and total cumulative return in cash records $61,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,154/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32693, Trenton, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 4,081 (74.2%) |
| Renter Occupied HU | 916 (16.6%) |
| Vacant Housing Units | 505 ( 9.2%) |
| Median Home Value | $201,960 |
| Average Home Value | $260,731 |
Housing Distribution
Address Breakdown
Residential
5,088
Single Family
5,064
Multi-Family
24
Businesses
302
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Listed by: Nathan Mcdougal • C. E. McDougal Inc
Mls Name: My State MLS
Mls ID: #11536560