1012 Millard Gainey RdDefuniak SpringsFL32435
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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 Defuniak Springs at 1012 Millard Gainey Rd, Defuniak Springs, FL, 32435 listed at $219,000 pairs $2,068/mo rent with a $1,072/mo payment to leave $615/mo cash flow. Total monthly income runs $2,068/mo, and annual cash flow reaches $7,375/yr on $72,599 cash to close. Return on cash invested measures 30.07% in year one, and rental yield registers 11.33% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 157.92% and total cumulative return in cash totals $114,645. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,068/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1999
2.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32435, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,547 (100%) |
| Owner Occupied HU | 2,236 (63.0%) |
| Renter Occupied HU | 840 (23.7%) |
| Vacant Housing Units | 471 (13.3%) |
| Median Home Value | $226,724 |
| Average Home Value | $300,948 |
Housing Distribution
Address Breakdown
Residential
3,059
Single Family
2,965
Multi-Family
94
Businesses
481
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Listed by: Selma Hill • Hilltop Legacy Realty
Mls Name: CPAR
Mls ID: #777870