1124 W Gorrie DrEastpointFL32328
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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 Eastpoint at 1124 W Gorrie Dr, Eastpoint, FL, 32328 generates $2,365/mo in rent, after a $7,342/mo payment. Total monthly income is $2,365/mo. Return on cash invested sits at 1.63% in year one, and rental yield is 1.89% on a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation builds toward $414,422 over five years. Five-year ROI reaches 5.33% and total cumulative return in cash sums $25,883. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,365/mo property income rather than buyer’s personal income.
Single Family
Built in 1981
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32328, Eastpoint, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,977 (100%) |
| Owner Occupied HU | 1,351 (45.4%) |
| Renter Occupied HU | 248 ( 8.3%) |
| Vacant Housing Units | 1,378 (46.3%) |
| Median Home Value | $428,165 |
| Average Home Value | $545,204 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,498
Multi-Family
214
Businesses
211
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Listed by: Shelley Shepard • Berkshire Hathaway HomeServices - SGI
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #323930
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.