216 Angler Ave UNIT 9Fort Walton BeachFL32548
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
Investment Highlights
Investment property for sale in Fort Walton Beach at 216 Angler Ave UNIT 9, Fort Walton Beach, FL, 32548 earns $190/mo cash flow from $1,816/mo rent with a $1,199/mo payment. Total monthly income totals $1,816/mo, and annual cash flow totals $2,283/yr on $81,218 capital. ROI tracks 22.72% on current figures, and rental yield reads 8.89% at a $245,000 purchase. Equity gained on principal adds $1,581/yr, and 5% annual appreciation supports $67,689 over five years. Five-year ROI reaches 118.54% and total cumulative return in cash sums $96,276. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,816/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott W Fader • Joseph Walter Realty LLC
Mls Name: ECAOR
Mls ID: #991934