208 3rd St #JFort 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 3rd St #J, Fort Walton Beach, FL, 32548 generates $1,805/mo in rent and, after a $1,236/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,805/mo, and annual cash flow is $1,551/yr on $83,704 invested. Return on cash invested sits at 21.76% in year one, and rental yield is 8.58% on a $252,500 entry. Equity gained on principal adds $1,629/yr, while 5% annual appreciation builds toward $69,761 over five years. Five-year ROI reaches 113.4% and total cumulative return in cash sums $94,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,805/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
1,742 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: Teresa K Pattison • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #978122