2037 Lighthouse RdCarrabelleFL32322
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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 Carrabelle at 2037 Lighthouse Rd, Carrabelle, FL, 32322 uses $74,588 cash to close to unlock $1,165/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $1,101/mo payment keeps the spread at $97/mo. Purchase price stands at $225,000, and rental yield measures 8.48% with $1,590/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 111.88% and total cumulative return in cash records $83,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1990
2.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Paige Joseph • Anchor Realty Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324696