209 W Miracle Strip Pkwy APT H103Mary 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
Investment property for sale in Mary Esther at 209 W Miracle Strip Pkwy APT H103, Mary Esther, FL, 32569 offers a 13.18% rental yield on a $198,000 purchase with $2,174/mo rent. Total monthly income registers $2,174/mo, and a $969/mo payment leaves $860/mo available for distribution. Annual cash flow reaches $10,322/yr on $65,637 to close, and return on cash invested stands at 35.63% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,704 over five years. Portfolio math shows five-year ROI at 187.82% and total cumulative return in cash at $123,280. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,174/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Alina R Ryder • The Realty Firm Inc
Mls Name: ECAOR
Mls ID: #978475