209 Michael AveMary EstherFL32569
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mary Esther at 209 Michael Ave, Mary Esther, FL, 32569 with 5% annual appreciation on a $295,000 basis while $2,241/mo rent supports operations. Total monthly income totals $2,241/mo and a $1,444/mo payment preserves $283/mo for cash returns. Annual cash flow comes to $3,399/yr on $97,793 deployed, and return on cash invested reaches 23.38% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 9.12%. Five-year ROI measures 122.11% and total cumulative return in cash totals $119,414.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,241/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32569, Mary Esther, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,848 (100%) |
| Owner Occupied HU | 3,490 (59.7%) |
| Renter Occupied HU | 1,893 (32.4%) |
| Vacant Housing Units | 465 ( 8.0%) |
| Median Home Value | $383,658 |
| Average Home Value | $456,649 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,418
Multi-Family
118
Businesses
544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hana Hawkins • Berkshire Hathaway HomeServices
Mls Name: ECAOR
Mls ID: #982013