188 West DrCarrabelleFL32322
Nearby investment properties with comparable rents
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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 Carrabelle at 188 West Dr, Carrabelle, FL, 32322 at $360,000 posts ROI 24.17% with $424/mo cash flow from $2,813/mo rent. Total monthly income equals $2,813/mo, and annual cash flow records $5,088/yr on $119,340 to close. Return on cash invested measures 24.17% and rental yield reads 9.38% at the current $360,000. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 by year five. Five-year ROI prints 126.27% and total cumulative return in cash totals $150,693.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,813/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Karry Rodgers • Stauffer Realty, LLC
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #316875
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.