118 Garden Court LnSanta Rosa BeachFL32459
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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 Santa Rosa Beach at 118 Garden Court Ln, Santa Rosa Beach, FL, 32459 priced at $1,550,000 converts $4,986/mo rent into after a $7,586/mo obligation. Total monthly income equals $4,986/mo. Return on cash invested prints 7.71% in year one, and rental yield reads 3.86% against a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation compiles into $428,236 by year five. Five-year ROI reaches 37.91% and total cumulative return in cash sums $190,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,986/mo property income covering a $7,586/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: Keith Bettenhausen • Bermuda Shorts Real Estate Services Inc
Mls Name: ECAOR
Mls ID: #984367