1050 Highway 98 E #1003EDestinFL32541
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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
Rental property for sale in Destin at 1050 Highway 98 E #1003E, Destin, FL, 32541 generates $3,209/mo in rent, after a $7,562/mo payment. Total monthly income is $3,209/mo. Return on cash invested sits at 0.43% in year one, and rental yield is 2.49% on a $1,544,900 entry. Equity gained on principal adds $9,969/yr, while 5% annual appreciation builds toward $426,827 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,209/mo property income rather than buyer’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$3,822 quarterly 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: Joshua B Kline • Emerald Coast Vacation Rentals & Sales
Mls Name: ECAOR
Mls Provider:
Mls ID: #942628
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