156 Carlton Millender RdCarrabelleFL32322
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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 156 Carlton Millender Rd, Carrabelle, FL, 32322 generates $1,333/mo in rent and, after a $857/mo payment, leaves $171/mo in cash flow. Total monthly income is $1,333/mo, and annual cash flow is $2,055/yr on $58,013 invested. Return on cash invested sits at 23.45% in year one, and rental yield is 9.14% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 122.51% and total cumulative return in cash sums $71,071. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,333/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
3.06 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: Paige Joseph • Anchor Realty Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #325147