218 Coral Dr SWFort Walton BeachFL32548
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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
Rental property for sale in Fort Walton Beach at 218 Coral Dr SW, Fort Walton Beach, FL, 32548 generates $2,569/mo in rent and, after a $1,698/mo payment, leaves $267/mo in cash flow. Total monthly income is $2,569/mo, and annual cash flow is $3,200/yr on $115,031 invested. Return on cash invested sits at 22.69% in year one, and rental yield is 8.88% on a $347,000 entry. Equity gained on principal adds $2,239/yr, while 5% annual appreciation builds toward $95,870 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash sums $136,136. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,569/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.27 Acres 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
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Listed by: Brad Reese • Douglas Elliman
Mls Name: ECAOR
Mls Provider:
Mls ID: #974735
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189