99 BROAD RIVER Place UNIT 2107WelakaFL32193
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
Rental property for sale in Welaka at 99 BROAD RIVER Place UNIT 2107, Welaka, FL, 32193 generates $2,426/mo in rent, after a $2,320/mo payment. Total monthly income is $2,426/mo. Return on cash invested sits at 11.05% in year one, and rental yield is 6.14% on a $473,900 entry. Equity gained on principal adds $3,058/yr, while 5% annual appreciation builds toward $130,930 over five years. Five-year ROI reaches 57.17% and total cumulative return in cash sums $89,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,426/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32193, Welaka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 444 (48.1%) |
| Renter Occupied HU | 96 (10.4%) |
| Vacant Housing Units | 384 (41.6%) |
| Median Home Value | $317,500 |
| Average Home Value | $463,868 |
Housing Distribution
Address Breakdown
Residential
479
Single Family
409
Multi-Family
70
Businesses
53
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARGARET ZAHNER • COLDWELL BANKER BEN BATES INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2067293
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. Data is deemed reliable but is not guaranteed accurate by realMLS.