1120 15th St UNIT 2BMexico 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 2B, Mexico Beach, FL, 32456 offers a 12.31% rental yield on a $218,000 purchase with $2,236/mo rent. Total monthly income registers $2,236/mo, and a $1,067/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,161/yr on $72,267 to close, and return on cash invested stands at 22.9% in year one. Equity gained on principal adds $1,407/yr while 5% annual appreciation supports $60,229 over five years. Portfolio math shows five-year ROI at 123.19% and total cumulative return in cash at $89,023. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,236/mo property income against a $1,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,414 quarterly 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: Leilani Bruner • Coastal Realty Group - Port St. Joe
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #323857
Disclaimer: Property information provided by the FCRA MLS a service of the Forgotten Coast REALTOR Association. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.