209 W Miracle Strip Pkwy APT C202Mary EstherFL32569
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 209 W Miracle Strip Pkwy APT C202, Mary Esther, FL, 32569 in Mary Esther achieves a 1.73 ratio at $105,000: $817/mo rent versus $472/mo debt service. Rental yield 9.53%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.53% yield compounds alongside 5% annual appreciation projecting $29,010 in value. Total projected cumulative return: $9,843.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $(496) | $200 |
City averages based on Mary Esther market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $817 |
| Total Monthly Debt Service | $1,288 |
| DSCR Ratio | 0.63x |
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
$598 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
$598 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
Listed by: Jutta M Schneider LLC • Lucky Palms Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #977614
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. Member number: 28189