16785 Perdido Key Dr APT 406Perdido KeyFL32507
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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 Perdido Key at 16785 Perdido Key Dr APT 406, Perdido Key, FL, 32507 generates $2,779/mo in rent, after a $3,020/mo payment. Total monthly income is $2,779/mo. Return on cash invested sits at 12.28% in year one, and rental yield is 5.4% on a $617,000 entry. Equity gained on principal adds $3,981/yr, while 5% annual appreciation builds toward $170,466 over five years. Five-year ROI reaches 62.51% and total cumulative return in cash sums $126,897. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,779/mo property income rather than buyer’s personal income.
Condo
Built in 1984
7.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32507, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,432 (100%) |
| Owner Occupied HU | 9,115 (52.3%) |
| Renter Occupied HU | 4,634 (26.6%) |
| Vacant Housing Units | 3,683 (21.1%) |
| Median Home Value | $372,817 |
| Average Home Value | $417,551 |
Housing Distribution
Address Breakdown
Residential
17,456
Single Family
14,739
Multi-Family
2,717
Businesses
863
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Listed by: Katherine Justice • Levin Rinke Realty
Mls Name: PAR
Mls ID: #671881