173 S 3rd StPt WashingtonFL32459
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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 Pt Washington at 173 S 3rd St, Pt Washington, FL, 32459 uses $139,230 cash to close to unlock $9,174/yr annual cash flow and $765/mo monthly cash flow. Total monthly income runs $3,552/mo, and a $2,056/mo payment keeps the spread at $765/mo. Purchase price stands at $420,000, and rental yield measures 10.15% with $3,552/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 138.77% and total cumulative return in cash records $193,207. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,552/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: Polakoff Group • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls ID: #984374