118 38th St UNIT 6Mexico 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 118 38th St UNIT 6, Mexico Beach, FL, 32456 earns from $2,291/mo rent with a $2,785/mo payment. Total monthly income totals $2,291/mo. ROI tracks 10.54% on current figures, and rental yield reads 4.83% at a $569,000 purchase. Equity gained on principal adds $3,672/yr, and 5% annual appreciation supports $157,204 over five years. Five-year ROI reaches 53.15% and total cumulative return in cash sums $99,503. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,291/mo property income instead of your personal income.
Condo
Built in 2006
N/A 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: Adrian Welle • Waves & Woods Realty, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324845