193 Polaris DrPort 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 Port Saint Joe at 193 Polaris Dr, Port Saint Joe, FL, 32456 priced at $649,000 converts $2,880/mo rent into after a $3,177/mo obligation. Total monthly income equals $2,880/mo. Return on cash invested prints 12.04% in year one, and rental yield reads 5.33% against a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation compiles into $179,307 by year five. Five-year ROI reaches 61.2% and total cumulative return in cash sums $130,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $3,177/mo payment, not borrower’s personal income.
Single Family
Built in 2016
10,018 sqft lot
$N/A/sqft
No 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: Christopher Petrie • Coastal Realty Group-CSB South
Mls Name: Forgotten Coast Realtor Association
Mls ID: #321845