9660 SE 308th TerAltoonaFL32702
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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 Altoona at 9660 SE 308th Ter, Altoona, FL, 32702 generates $782/mo in rent and, after a $489/mo payment, leaves $119/mo in cash flow. Total monthly income is $782/mo, and annual cash flow is $1,426/yr on $33,150 invested. Return on cash invested sits at 24.21% in year one, and rental yield is 9.38% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 126.49% and total cumulative return in cash sums $41,932. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $782/mo property income rather than buyer’s personal income.
Manufactured
Built in 1985
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32702, Altoona, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,807 (100%) |
| Owner Occupied HU | 1,006 (55.7%) |
| Renter Occupied HU | 441 (24.4%) |
| Vacant Housing Units | 360 (19.9%) |
| Median Home Value | $178,846 |
| Average Home Value | $289,592 |
Housing Distribution
Address Breakdown
Residential
1,435
Single Family
1,240
Multi-Family
195
Businesses
92
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