118 38th St #11Mexico 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
Total monthly income runs $3,542/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 7.14% with $3,542/mo rent. Return on cash invested shows 12.58% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 65.91% and total cumulative return in cash records $129,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,542/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$2,442 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: Natalie Shoaf • Pristine Properties, LLC
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #317307
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. 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.