1096 Scenic Gulf Dr UNIT 1206Miramar BeachFL32550
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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 Miramar Beach at 1096 Scenic Gulf Dr UNIT 1206, Miramar Beach, FL, 32550 listed at $640,000 pairs $3,998/mo rent with a $3,132/mo payment. Total monthly income runs $3,998/mo. Return on cash invested measures 12.83% in year one, and rental yield registers 7.5% at a $640,000 basis. Equity gained on principal adds $4,130/yr, and annual property appreciation at 5% supports $176,820 by year five. Five-year ROI tracks 67.53% and total cumulative return in cash totals $142,194. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,998/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
$3,061 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Meghan Hall Team • Keller Williams Realty Emerald
Mls Name: CPAR
Mls Provider:
Mls ID: #762144
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.