118 Carson Dr SEFort Walton BeachFL32548
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Nearby investment properties with comparable prices
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 Fort Walton Beach at 118 Carson Dr SE, Fort Walton Beach, FL, 32548 at $229,000 posts ROI 22.36% with $155/mo cash flow from $1,675/mo rent. Total monthly income equals $1,675/mo, and annual cash flow records $1,862/yr on $75,914 to close. Return on cash invested measures 22.36% and rental yield reads 8.78% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 116.63% and total cumulative return in cash totals $88,541.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,675/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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Listed by: Rodney Elkins • World Impact Real Estate
Mls Name: PAR
Mls Provider:
Mls ID: #668527
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