1200 Scenic Gulf Dr #B1109Miramar BeachFL32550
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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 Miramar Beach at 1200 Scenic Gulf Dr #B1109, Miramar Beach, FL, 32550 offers a 6.28% rental yield on a $769,000 purchase with $4,027/mo rent. 96% in year one. Equity gained on principal adds $4,962/yr while 5% annual appreciation supports $212,461 over five years. Portfolio math shows five-year ROI at 76.84% and total cumulative return in cash at $194,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,027/mo property income against a $3,764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: The Geppert Beeker Group • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls ID: #981016