132 13th St SDefuniak SpringsFL32435
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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 Defuniak Springs at 132 13th St S, Defuniak Springs, FL, 32435 offers a 9.1% rental yield on a $299,800 purchase with $2,273/mo rent. Total monthly income registers $2,273/mo, and a $1,467/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,406/yr on $99,384 to close, and return on cash invested stands at 23.34% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,829 over five years. Portfolio math shows five-year ROI at 121.8% and total cumulative return in cash at $121,053. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,273/mo property income against a $1,467/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32435, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,547 (100%) |
| Owner Occupied HU | 2,236 (63.0%) |
| Renter Occupied HU | 840 (23.7%) |
| Vacant Housing Units | 471 (13.3%) |
| Median Home Value | $226,724 |
| Average Home Value | $300,948 |
Housing Distribution
Address Breakdown
Residential
3,059
Single Family
2,965
Multi-Family
94
Businesses
481
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Listed by: Kim E Wennerberg • Kim & Company
Mls Name: ECAOR
Mls Provider:
Mls ID: #963807
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