1016 15th St UNIT 5APt Saint JoeFL32456
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1016 15th St UNIT 5A, Pt Saint Joe, FL, 32456 in Pt Saint Joe at $299,000 earns $2,083/mo in rent and nets $99/mo after the $1,344/mo payment, a 8.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,608 over five years. Ziffy Mortgage underwrites this on a 1.55 DSCR without U.S. credit history. With $2,754/yr in principal paydown, total projected return reaches $120,372.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.0% |
| Monthly Cash Flow | $99 | $550 |
City averages based on Pt Saint Joe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,083 |
| Total Monthly Debt Service | $1,865 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2005
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
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
Townhouse
Built in 2005
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Phillips • Forgotten Coast Realty of NW Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324470