1583 County Highway 183 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 1583 County Highway 183 S, Defuniak Springs, FL, 32435 earns $603/mo cash flow from $2,261/mo rent with a $1,223/mo payment. Total monthly income totals $2,261/mo, and annual cash flow totals $7,233/yr on $82,842 capital. ROI tracks 28.64% on current figures, and rental yield reads 10.86% at a $249,900 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 over five years. Five-year ROI reaches 150.26% and total cumulative return in cash sums $124,478. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,261/mo property income instead of your personal income.
Single Family
Built in 1991
1.13 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: Cindy R Birge • Elite Realty
Mls Name: CPAR
Mls ID: #778098