Kincaid: Build On Your Lot Plan, North Central Florida: Build On Your Own LotMicanopyFL32667
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.45% yield at Kincaid: Build On Your Lot Plan, North Central Florida: Build On Your Own Lot, Micanopy, FL, 32667 in Micanopy is solid, but the $1,272/mo payment compresses net cash flow to $109/mo at $268,267. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $74,117 by year five, and $2,249/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.49) without U.S. income documentation. Total projected return: $104,192.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $109 | $500 |
City averages based on Micanopy market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,889 |
| Total Monthly Debt Service | $1,739 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32667, Micanopy, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,376 (100%) |
| Owner Occupied HU | 1,716 (72.2%) |
| Renter Occupied HU | 373 (15.7%) |
| Vacant Housing Units | 287 (12.1%) |
| Median Home Value | $375,414 |
| Average Home Value | $374,668 |
Housing Distribution
Address Breakdown
Residential
1,737
Single Family
1,737
Multi-Family
0
Businesses
124
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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
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