200 Sandestin Blvd N #6676Miramar BeachFL32550
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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 Miramar Beach at 200 Sandestin Blvd N #6676, Miramar Beach, FL, 32550 generates $1,740/mo in rent and, after a $974/mo payment, leaves $419/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $5,033/yr on $65,969 invested. Return on cash invested sits at 27.54% in year one, and rental yield is 10.49% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 144.39% and total cumulative return in cash sums $95,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Chris Sause • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: ECAOR
Mls ID: #989147