1501 Partin Dr #244NicevilleFL32578
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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 Niceville at 1501 Partin Dr #244, Niceville, FL, 32578 listed at $166,952 pairs $1,315/mo rent with a $817/mo payment. Total monthly income runs $1,315/mo. Return on cash invested measures 14.53% in year one, and rental yield registers 9.45% at a $166,952 basis. Equity gained on principal adds $1,077/yr, and annual property appreciation at 5% supports $46,126 by year five. Five-year ROI tracks 78.27% and total cumulative return in cash totals $43,320. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,315/mo property income relative to a $817/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
$450 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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Listed by: Katie Davis • ERA American Real Estate
Mls Name: ECAOR
Mls Provider:
Mls ID: #978027
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