128 16th StApalachicolaFL32320
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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 Apalachicola at 128 16th St, Apalachicola, FL, 32320 generates $1,396/mo in rent and, after a $857/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,396/mo, and annual cash flow is $2,811/yr on $58,013 invested. Return on cash invested sits at 24.75% in year one, and rental yield is 9.57% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 129.48% and total cumulative return in cash sums $75,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,396/mo property income rather than buyer’s personal income.
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
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Listed by: Shaun Donahoe • Shaun S. Donahoe
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324259