1807 Salem AveNavarreFL32566
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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 Navarre at 1807 Salem Ave, Navarre, FL, 32566 priced at $301,000 pairs $2,580/mo rent with $583/mo cash flow after a $1,473/mo payment. Total monthly income equals $2,580/mo, and annual cash flow comes to $6,993/yr on $99,782 invested. Return on cash invested is 26.92% in year one, and rental yield stands at 10.29% on a $301,000 basis. Equity gained on principal adds $1,942/yr, and 5% annual appreciation accumulates to $83,161 by year five. Five-year ROI measures 141.01% and total cumulative return in cash reaches $140,702. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $1,473/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32566, Navarre, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,513 (100%) |
| Owner Occupied HU | 14,355 (70.0%) |
| Renter Occupied HU | 3,832 (18.7%) |
| Vacant Housing Units | 2,326 (11.3%) |
| Median Home Value | $401,900 |
| Average Home Value | $451,144 |
Housing Distribution
Address Breakdown
Residential
19,041
Single Family
18,600
Multi-Family
441
Businesses
760
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Listed by: Wanda Jordan • BAY SOURCE REALTY LLC.
Mls Name: Navarre Area BOR
Mls Provider:
Mls ID: #962810
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.