116 42nd StMexico 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
Rental property for sale in Mexico Beach at 116 42nd St, Mexico Beach, FL, 32456 priced at $449,000 converts $2,517/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,517/mo. Return on cash invested prints 16.18% in year one, and rental yield reads 6.73% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 83.4% and total cumulative return in cash sums $124,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,517/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in N/A
6,534 sqft 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: Nicole Majors • BeMajor Gulf Coast Realty LLC
Mls Name: CPAR
Mls ID: #782843