164 S 13th StDefuniak SpringsFL32435
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Defuniak Springs rental at 164 S 13th St, Defuniak Springs, FL, 32435 sits in the solid-income band: 8.86% gross yield, $2,206/mo rent, $223/mo net after the $1,343/mo debt service, DSCR 1.64. Entry price of $298,750 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $82,539 and $2,752/yr in principal reduction bring total cumulative return to $128,270.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.0% |
| Monthly Cash Flow | $223 | $150 |
City averages based on Defuniak Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,206 |
| Total Monthly Debt Service | $1,864 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1945
1.42 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1945
1.42 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: ECAOR
Mls ID: #999214