2215 Shenandoah BlvdChipleyFL32428
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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 Chipley at 2215 Shenandoah Blvd, Chipley, FL, 32428 offers $2,384/mo rent that, after a $1,309/mo payment, leaves $609/mo cash flow. Total monthly income is $2,384/mo, and annual cash flow is $7,309/yr on $88,676 cash. Return on cash invested measures 28.15% in year one, and rental yield stands at 10.69% at a $267,500 entry. Equity gained on principal adds $1,726/yr while 5% annual appreciation compounds into $73,905 by year five. Five-year ROI records 147.67% and total cumulative return in cash reaches $130,952. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,384/mo property income versus a $1,309/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32428, Chipley, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 5,171 (67.1%) |
| Renter Occupied HU | 1,404 (18.2%) |
| Vacant Housing Units | 1,129 (14.7%) |
| Median Home Value | $223,466 |
| Average Home Value | $270,097 |
Housing Distribution
Address Breakdown
Residential
7,032
Single Family
7,032
Multi-Family
0
Businesses
598
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Listed by: Joseph Echols • Hitchcock Real Estate LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #765227
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.