135 Carolina StCarrabelleFL32322
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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 Carrabelle at 135 Carolina St, Carrabelle, FL, 32322 priced at $220,000 pairs $1,826/mo rent with $366/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,826/mo, and annual cash flow comes to $4,390/yr on $72,930 invested. Return on cash invested is 25.93% in year one, and rental yield stands at 9.96% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 135.71% and total cumulative return in cash reaches $98,975. For financing, Ziffy Mortgage’s DSCR program evaluates $1,826/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2020
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: James E Roberts • Keller Williams Town & Country
Mls Name: TBR
Mls ID: #394371