216 Michael AveMary 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 216 Michael Ave, Mary Esther, FL, 32569 uses $77,074 cash to close to unlock $6,313/yr annual cash flow and $526/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $1,138/mo payment keeps the spread at $526/mo. Purchase price stands at $232,500, and rental yield measures 10.68% with $2,069/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $64,235 over five years. Five-year ROI reaches 147.4% and total cumulative return in cash records $113,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $1,138/mo payment rather than investor’s personal income.
Single Family
Built in 1993
10,018 sqft 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: Stefanie K Fair • Endless Horizons Realty Inc
Mls Name: ECAOR
Mls ID: #984269