1097 Joy Meadows CirBonifayFL32425
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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
Investment property for sale in Bonifay at 1097 Joy Meadows Cir, Bonifay, FL, 32425 uses $41,404 cash to close to unlock $1,950/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $991/mo, and a $611/mo payment keeps the spread at $162/mo. Purchase price stands at $124,900, and rental yield measures 9.52% with $991/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 128.76% and total cumulative return in cash records $53,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $991/mo property income covering a $611/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
2.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32425, Bonifay, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,120 (100%) |
| Owner Occupied HU | 3,931 (64.2%) |
| Renter Occupied HU | 1,287 (21.0%) |
| Vacant Housing Units | 902 (14.7%) |
| Median Home Value | $138,027 |
| Average Home Value | $194,559 |
Housing Distribution
Address Breakdown
Residential
5,312
Single Family
5,267
Multi-Family
45
Businesses
390
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