209 W Miracle Strip Pkwy APT G308Mary EstherFL32569
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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 Mary Esther at 209 W Miracle Strip Pkwy APT G308, Mary Esther, FL, 32569 generates $1,781/mo in rent and, after a $978/mo payment, leaves $455/mo in cash flow. Total monthly income is $1,781/mo, and annual cash flow is $5,458/yr on $66,267 invested. Return on cash invested sits at 28.15% in year one, and rental yield is 10.69% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 147.6% and total cumulative return in cash sums $97,813. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,781/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A 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
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Listed by: Jennifer Payne • THE AMERICAN REALTY
Mls Name: Navarre Area BOR
Mls ID: #984389