17 Shell Ave SE UNIT C1Fort 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
Rental property for sale in Fort Walton Beach at 17 Shell Ave SE UNIT C1, Fort Walton Beach, FL, 32548 priced at $244,900 converts $1,940/mo rent into $314/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,940/mo, and annual cash flow totals $3,774/yr on $81,184 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 9.51% against a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation compiles into $67,661 by year five. Five-year ROI reaches 128.38% and total cumulative return in cash sums $104,225. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,940/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No 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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Listed by: Trey E Ellison • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #984953