117 12th AveShalimarFL32579
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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 Shalimar at 117 12th Ave, Shalimar, FL, 32579 uses $121,959 cash to close to unlock $2,463/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $2,647/mo, and a $1,801/mo payment keeps the spread at $205/mo. Purchase price stands at $367,900, and rental yield measures 8.63% with $2,647/mo rent. Return on cash invested shows 21.93% in year one, and 5% annual appreciation builds toward $101,644 over five years. Five-year ROI reaches 114.29% and total cumulative return in cash records $139,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,647/mo property income covering a $1,801/mo payment rather than investor’s personal income.
Single Family
Built in 1979
8,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32579, Shalimar, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 3,192 (65.5%) |
| Renter Occupied HU | 1,384 (28.4%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $499,269 |
| Average Home Value | $603,446 |
Housing Distribution
Address Breakdown
Residential
4,903
Single Family
4,280
Multi-Family
623
Businesses
321
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Listed by: Carlton Watson III • Listing Spark South Florida
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11730738
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.