167 Brooks St #102Fort Walton BeachFL32548
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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 Fort Walton Beach at 167 Brooks St #102, Fort Walton Beach, FL, 32548 uses $119,340 cash to close to unlock $1,308/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $2,758/mo, and a $1,762/mo payment keeps the spread at $109/mo. Purchase price stands at $360,000, and rental yield measures 9.19% with $2,758/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 110.24% and total cumulative return in cash records $131,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,758/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2007
1.57 Acres lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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