108 Don Bishop Rd #16Santa 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 108 Don Bishop Rd #16, Santa Rosa Beach, FL, 32459 generates $5,621/mo in rent, after a $5,134/mo payment. Total monthly income is $5,621/mo. Return on cash invested sits at 15.64% in year one, and rental yield is 6.43% on a $1,049,000 entry. Equity gained on principal adds $6,769/yr, while 5% annual appreciation builds toward $289,819 over five years. Five-year ROI reaches 80.44% and total cumulative return in cash sums $273,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,621/mo property income rather than buyer’s personal income.
Multi Family
Built in 2005
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: Steve Koleno • Beycome of Florida LLC
Mls Name: Navarre Area BOR
Mls ID: #988059