224 E Iris LnDefuniak SpringsFL32433
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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 Defuniak Springs at 224 E Iris Ln, Defuniak Springs, FL, 32433 at $229,000 posts ROI 20.54% with $40/mo cash flow from $1,560/mo rent. Total monthly income equals $1,560/mo, and annual cash flow records $482/yr on $75,914 to close. Return on cash invested measures 20.54% and rental yield reads 8.17% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 106.9% and total cumulative return in cash totals $81,149.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: J Scott Terry • Ross and Co
Mls Name: Navarre Area BOR
Mls ID: #987647