2202 Highway 98 UNIT 305Mexico BeachFL32456
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 Mexico Beach at 2202 Highway 98 UNIT 305, Mexico Beach, FL, 32456 earns from $2,449/mo rent with a $2,691/mo payment. Total monthly income totals $2,449/mo. ROI tracks 4.8% on current figures, and rental yield reads 5.34% at a $549,900 purchase. Equity gained on principal adds $3,548/yr, and 5% annual appreciation supports $151,927 over five years. Five-year ROI reaches 25.03% and total cumulative return in cash sums $45,290. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,449/mo property income instead of your personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$2,239 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carter Dorsch • 98 Real Estate Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #322727
Disclaimer: Property information provided by the FCRA MLS a service of the Forgotten Coast REALTOR Association. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.