118 S 40th St #CMexico 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 S 40th St #C, Mexico Beach, FL, 32456 offers a 3.05% rental yield on a $1,299,000 purchase with $3,300/mo rent. 2% in year one. Equity gained on principal adds $8,382/yr while 5% annual appreciation supports $358,890 over five years. Portfolio math shows five-year ROI at 24.47% and total cumulative return in cash at $102,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,300/mo property income against a $6,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
3,005 sqft 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: Chrystina Adams • Marquardt Realty, Inc.
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324602