19 Mashes Sands RdOchlockonee BayFL32346
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder19 Mashes Sands Rd, Ochlockonee Bay, FL, 32346 in Ochlockonee Bay is a stable, well-positioned rental at $229,000. Rental yield 7.05%. DSCR 1.24 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $63,268 in value and $1,920/yr in principal paydown builds equity, a total projected return of $71,746.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.0% |
| Monthly Cash Flow | $(764) | $150 |
City averages based on Ochlockonee Bay market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,345 |
| Total Monthly Debt Service | $1,484 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #329474
