191 E Larkspur AveDefuniak SpringsFL32433
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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 Defuniak Springs at 191 E Larkspur Ave, Defuniak Springs, FL, 32433 offers a 9.56% rental yield on a $158,000 purchase with $1,259/mo rent. Total monthly income registers $1,259/mo, and a $773/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,530/yr on $52,377 to close, and return on cash invested stands at 24.74% in year one. Equity gained on principal adds $1,020/yr while 5% annual appreciation supports $43,652 over five years. Portfolio math shows five-year ROI at 129.35% and total cumulative return in cash at $67,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,259/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: Billie Jene Nowling • APC Real Estate Group LLC
Mls Name: ECAOR
Mls ID: #975985