1008 Highway 98 E UNIT 31DestinFL32541
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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
Total monthly income runs $2,498/mo, and a $5,139/mo payment. Purchase price stands at $1,050,000, and rental yield measures 2.85% with $2,498/mo rent. Return on cash invested shows -0.39% in year one, and 5% annual appreciation builds toward $290,096 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,498/mo property income covering a $5,139/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,415 monthly 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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Listed by: Terry G Tallent • Aquatic Resort Properties Inc
Mls Name: ECAOR
Mls Provider:
Mls ID: #974812
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. Information is deemed reliable but not guaranteed. Member number: 28189