15 Elkwood CtShalimarFL32579
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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 15 Elkwood Ct, Shalimar, FL, 32579 priced at $638,900 pairs $3,180/mo rent with after a $3,127/mo payment. Total monthly income equals $3,180/mo. Return on cash invested is 14.01% in year one, and rental yield stands at 5.97% on a $638,900 basis. Equity gained on principal adds $4,123/yr, and 5% annual appreciation accumulates to $176,516 by year five. Five-year ROI measures 71.78% and total cumulative return in cash reaches $150,873. For financing, Ziffy Mortgage’s DSCR program evaluates $3,180/mo property income against a $3,127/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.51 Acres lot
$N/A/sqft
No 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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