1006 Highway 98 E #314DestinFL32541
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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 Destin at 1006 Highway 98 E #314, Destin, FL, 32541 earns $377/mo cash flow from $2,713/mo rent with a $1,723/mo payment. Total monthly income totals $2,713/mo, and annual cash flow totals $4,523/yr on $116,688 capital. ROI tracks 23.79% on current figures, and rental yield reads 9.25% at a $352,000 purchase. Equity gained on principal adds $2,271/yr, and 5% annual appreciation supports $97,251 over five years. Five-year ROI reaches 124.2% and total cumulative return in cash sums $144,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,713/mo property income instead of your personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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