199 N Duck AveWewahitchkaFL32465
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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 Wewahitchka at 199 N Duck Ave, Wewahitchka, FL, 32465 priced at $359,900 converts $2,024/mo rent into after a $1,762/mo obligation. Total monthly income equals $2,024/mo. Return on cash invested prints 16.24% in year one, and rental yield reads 6.75% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 83.79% and total cumulative return in cash sums $99,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,024/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
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Listed by: Dennis M Dunnigan • Coastal Choice Realty LLC
Mls Name: CPAR
Mls ID: #759627