128 5th AveShalimarFL32579
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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 Shalimar at 128 5th Ave, Shalimar, FL, 32579 priced at $322,450 converts $1,780/mo rent into after a $1,578/mo obligation. Total monthly income equals $1,780/mo. Return on cash invested prints 13.35% in year one, and rental yield reads 6.62% against a $322,450 entry. Equity gained on principal adds $2,081/yr, while 5% annual appreciation compiles into $89,087 by year five. Five-year ROI reaches 69.18% and total cumulative return in cash sums $73,948. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,780/mo property income covering a $1,578/mo payment, not borrower’s personal income.
Townhouse
Built in 1980
1,742 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32579, Shalimar, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,871 (100%) |
| Owner Occupied HU | 3,192 (65.5%) |
| Renter Occupied HU | 1,384 (28.4%) |
| Vacant Housing Units | 295 ( 6.1%) |
| Median Home Value | $499,269 |
| Average Home Value | $603,446 |
Housing Distribution
Address Breakdown
Residential
4,903
Single Family
4,280
Multi-Family
623
Businesses
321
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Listed by: Teresa K Pattison • Coldwell Banker Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #976410
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