128 16th StApalachicolaFL32320
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 128 16th St, Apalachicola, FL, 32320 in Apalachicola, $195,000, 9.08% gross yield, $182/mo net income. Consider it a market-entry position, the $1,476/mo rent covers the $877/mo payment with a margin, and 5%/yr appreciation is projected to add $53,875 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.68) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $86,053.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 9.0% |
| Monthly Cash Flow | $182 | $1,500 |
City averages based on Apalachicola market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,476 |
| Total Monthly Debt Service | $1,216 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1946
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32320, Apalachicola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,109 (100%) |
| Owner Occupied HU | 1,298 (61.5%) |
| Renter Occupied HU | 432 (20.5%) |
| Vacant Housing Units | 379 (18.0%) |
| Median Home Value | $321,831 |
| Average Home Value | $360,963 |
Housing Distribution
Address Breakdown
Residential
1,618
Single Family
1,616
Multi-Family
2
Businesses
162
Nearby investment properties with comparable rents
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
Single Family
Built in 1946
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32320, Apalachicola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,109 (100%) |
| Owner Occupied HU | 1,298 (61.5%) |
| Renter Occupied HU | 432 (20.5%) |
| Vacant Housing Units | 379 (18.0%) |
| Median Home Value | $321,831 |
| Average Home Value | $360,963 |
Housing Distribution
Address Breakdown
Residential
1,618
Single Family
1,616
Multi-Family
2
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shaun Donahoe • Shaun S. Donahoe
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324259