1120 15th St UNIT 2AMexico BeachFL32456
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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 Mexico Beach at 1120 15th St UNIT 2A, Mexico Beach, FL, 32456 listed at $235,000 pairs $1,967/mo rent with a $1,150/mo payment to leave $408/mo cash flow. Total monthly income runs $1,967/mo, and annual cash flow reaches $4,893/yr on $77,903 cash to close. Return on cash invested measures 26.19% in year one, and rental yield registers 10.04% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 137.12% and total cumulative return in cash totals $106,816. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,967/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
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Listed by: Sabrina Burke • Burke & Co. Real Estate Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324848