118 Okeechobee WSanta 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 Okeechobee W, Santa Rosa Beach, FL, 32459 priced at $1,745,000 pairs $4,992/mo rent with after a $8,541/mo payment. Total monthly income equals $4,992/mo. Return on cash invested is 5.96% in year one, and rental yield stands at 3.43% on a $1,745,000 basis. Equity gained on principal adds $11,260/yr, and 5% annual appreciation accumulates to $482,111 by year five. Five-year ROI measures 28.71% and total cumulative return in cash reaches $162,299. For financing, Ziffy Mortgage’s DSCR program evaluates $4,992/mo property income against a $8,541/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
4,791 sqft lot
$N/A/sqft
$600 quarterly 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: Scott Martineau • RE/MAX Coastal Properties
Mls Name: ECAOR
Mls Provider:
Mls ID: #966337
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. Member number: 28189