409 Ne Horry Ave, Madison, FL 32340
Madison, FL 32340 · 3 bd · 2 ba · 1,656 sqft · Single Family · 22 days on market
The math, in full
- Asking price
- $128,000
- Down payment (15%)
- $19,200
- Loan amount
- $108,800
- Est. monthly rent
- $2,356/mo
- Range $2,003–$2,709/mo
- Monthly payment, all-in
- $1,052/mo
- Mortgage + taxes + insurance (PITIA)
- Cashflow ratio (DSCR)
- 2.24
- $2,356 rent ÷ $1,052 payment
- Monthly cashflow
- +$1,304/mo
- What's left after the payment
Where the rent number comes from
Median asking rent for 3-bedroom homes in zip 32340, from current market comps — not a per-property guess. Lower confidence — few comparable rentals in this zip, verify locally.
Cash to start
$19,200
15% down on $128,000
Your local lenderNo credit pull. No obligation. A loan officer confirms real terms within one business day.
- Screened against real lending criteria — this one fits 2 programs.
- Qualifies on the property's rent — no W-2 or tax returns.
- Listing data verified as of June 9, 2026.
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Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.