1008 15th St UNIT 15DMexico BeachFL32456
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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 Mexico Beach at 1008 15th St UNIT 15D, Mexico Beach, FL, 32456 listed at $294,000 pairs $2,011/mo rent with a $1,439/mo payment to leave $60/mo cash flow. Total monthly income runs $2,011/mo, and annual cash flow reaches $719/yr on $97,461 cash to close. Return on cash invested measures 20.65% in year one, and rental yield registers 8.21% at a $294,000 basis. Equity gained on principal adds $1,897/yr, and annual property appreciation at 5% supports $81,227 by year five. Five-year ROI tracks 107.38% and total cumulative return in cash totals $104,652. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,011/mo property income relative to a $1,439/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2006
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
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Listed by: Angela Phillips • Forgotten Coast Realty of NW Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324333