208 1st St SE APT AFort Walton BeachFL32548
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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 Fort Walton Beach at 208 1st St SE APT A, Fort Walton Beach, FL, 32548 priced at $175,000 converts $1,343/mo rent into $181/mo cash flow after a $857/mo obligation. Total monthly income equals $1,343/mo, and annual cash flow totals $2,175/yr on $58,013 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 9.21% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 123.61% and total cumulative return in cash sums $71,707. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,343/mo property income covering a $857/mo payment, not borrower’s personal income.
Townhouse
Built in 1983
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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Listed by: Julie Joines • CRYSTAL SHORES 2 INC.
Mls Name: Navarre Area BOR
Mls Provider:
Mls ID: #975165
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.