1013 Norman DrFort Walton BeachFL32547
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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 Fort Walton Beach at 1013 Norman Dr, Fort Walton Beach, FL, 32547 offers a 11.53% rental yield on a $360,968 purchase with $3,467/mo rent. Total monthly income registers $3,467/mo, and a $1,767/mo payment leaves $1,071/mo available for distribution. Annual cash flow reaches $12,856/yr on $119,661 to close, and return on cash invested stands at 30.65% in year one. Equity gained on principal adds $2,329/yr while 5% annual appreciation supports $99,729 over five years. Portfolio math shows five-year ROI at 161.06% and total cumulative return in cash at $192,721. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,467/mo property income against a $1,767/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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