210 Pelham Rd #B107Fort Walton BeachFL32547
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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 Fort Walton Beach at 210 Pelham Rd #B107, Fort Walton Beach, FL, 32547 uses $58,211 cash to close to unlock $4,550/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,544/mo, and a $859/mo payment keeps the spread at $379/mo. Purchase price stands at $175,600, and rental yield measures 10.55% with $1,544/mo rent. Return on cash invested shows 27.73% in year one, and 5% annual appreciation builds toward $48,515 over five years. Five-year ROI reaches 145.42% and total cumulative return in cash records $84,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,544/mo property income covering a $859/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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Listed by: Jessica R Kelly • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #986435