209 W Miracle Strip Pkwy APT B302Mary EstherFL32569
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowAt 3.02, 209 W Miracle Strip Pkwy APT B302, Mary Esther, FL, 32569 in Mary Esther sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 16.31%. The 16.31% yield is backed by 5% annual appreciation projecting $44,205 in value gain, plus $1,474/yr in principal reduction. Total projected cumulative return: $55,756.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.3% | 6.0% |
| Monthly Cash Flow | $(168) | $200 |
City averages based on Mary Esther market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,174 |
| Total Monthly Debt Service | $2,279 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,234 monthly 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
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,234 monthly 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