159 Michigan LnDefuniak SpringsFL32433
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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 159 Michigan Ln, Defuniak Springs, FL, 32433 uses $62,952 cash to close to unlock $2,715/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,486/mo, and a $929/mo payment keeps the spread at $226/mo. Purchase price stands at $189,900, and rental yield measures 9.39% with $1,486/mo rent. Return on cash invested shows 24.22% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.62% and total cumulative return in cash records $79,709. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,486/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 2006
5.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: Cosmo M Spellings • Assurance Realty of NWFL LLC
Mls Name: ECAOR
Mls ID: #992038