106 Melrose AveSanta Rosa BeachFL32459
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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 Santa Rosa Beach at 106 Melrose Ave, Santa Rosa Beach, FL, 32459 priced at $504,100 pairs $3,539/mo rent with $194/mo cash flow after a $2,467/mo payment. Total monthly income equals $3,539/mo, and annual cash flow comes to $2,328/yr on $165,849 invested. Return on cash invested is 21.46% in year one, and rental yield stands at 8.42% on a $504,100 basis. Equity gained on principal adds $3,253/yr, and 5% annual appreciation accumulates to $139,274 by year five. Five-year ROI measures 111.77% and total cumulative return in cash reaches $185,363. For financing, Ziffy Mortgage’s DSCR program evaluates $3,539/mo property income against a $2,467/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A