22 Newcastle CtNicevilleFL32578
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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 Niceville at 22 Newcastle Ct, Niceville, FL, 32578 offers $3,442/mo rent that, after a $2,803/mo payment. Total monthly income is $3,442/mo. Return on cash invested measures 17.73% in year one, and rental yield stands at 7.21% at a $572,600 entry. Equity gained on principal adds $3,695/yr while 5% annual appreciation compounds into $158,199 by year five. Five-year ROI records 91.71% and total cumulative return in cash reaches $172,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,442/mo property income versus a $2,803/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.32 Acres lot
$N/A/sqft
$8 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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