1016 15th St N #4CMexico BeachFL32410
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1016 15th St N #4C, Mexico Beach, FL, 32410 uses $102,765 cash to close to unlock $1,081/yr annual cash flow and $90/mo monthly cash flow. Total monthly income runs $2,272/mo, and a $1,517/mo payment keeps the spread at $90/mo. Purchase price stands at $310,000, and rental yield measures 8.79% with $2,272/mo rent. Return on cash invested shows 20.96% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 109.64% and total cumulative return in cash records $112,675. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,272/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Townhouse
Built in 2005
435.60 sqft lot
$N/A/sqft
$750 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32410, Mexico Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
2
Single Family
1
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carol E Erwin • Forgotten Coast Realty of NW Florida LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #776182
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.