213 Lockwood Way EDefuniak SpringsFL32435
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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 Defuniak Springs at 213 Lockwood Way E, Defuniak Springs, FL, 32435 uses $112,677 cash to close to unlock $1,392/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $2,372/mo, and a $1,664/mo payment keeps the spread at $116/mo. Purchase price stands at $339,900, and rental yield measures 8.37% with $2,372/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 110.1% and total cumulative return in cash records $124,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,372/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32435, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,547 (100%) |
| Owner Occupied HU | 2,236 (63.0%) |
| Renter Occupied HU | 840 (23.7%) |
| Vacant Housing Units | 471 (13.3%) |
| Median Home Value | $226,724 |
| Average Home Value | $300,948 |
Housing Distribution
Address Breakdown
Residential
3,059
Single Family
2,965
Multi-Family
94
Businesses
481
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Listed by: Steve E Philpot • EXP Realty LLC
Mls Name: ECAOR
Mls ID: #975355