188 Cove LnPt Saint JoeFL32456
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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 Pt Saint Joe at 188 Cove Ln, Pt Saint Joe, FL, 32456 priced at $366,500 converts $3,548/mo rent into $1,087/mo cash flow after a $1,794/mo obligation. Total monthly income equals $3,548/mo, and annual cash flow totals $13,043/yr on $121,495 invested. Return on cash invested prints 30.64% in year one, and rental yield reads 11.62% against a $366,500 entry. Equity gained on principal adds $2,365/yr, while 5% annual appreciation compiles into $101,257 by year five. Five-year ROI reaches 161.09% and total cumulative return in cash sums $195,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,548/mo property income covering a $1,794/mo payment, not borrower’s personal income.
Single Family
Built in 2023
6,969 sqft lot
$N/A/sqft
$345 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
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Listed by: Heather L Thompson • Beach Properties Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #771818
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.