11 Driftwood Rd UNIT 2Miramar BeachFL32550
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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 Miramar Beach at 11 Driftwood Rd UNIT 2, Miramar Beach, FL, 32550 priced at $499,000 converts $3,511/mo rent into $200/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,511/mo, and annual cash flow totals $2,399/yr on $165,419 invested. Return on cash invested prints 21.36% in year one, and rental yield reads 8.44% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 111.2% and total cumulative return in cash sums $183,942. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,511/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
N/A lot
$N/A/sqft
No 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: Abbott Martin Group • EXP Realty LLC
Mls Name: CPAR
Mls ID: #780266