228 Martisa RdFort 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
Investment property for sale in Fort Walton Beach at 228 Martisa Rd, Fort Walton Beach, FL, 32548 uses $76,245 cash to close to unlock $8,261/yr annual cash flow and $688/mo monthly cash flow. Total monthly income runs $2,215/mo, and a $1,126/mo payment keeps the spread at $688/mo. Purchase price stands at $230,000, and rental yield measures 11.56% with $2,215/mo rent. Return on cash invested shows 30.74% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 161.58% and total cumulative return in cash records $123,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,215/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1968
9,583 sqft 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: Heather Blatz • Keller Williams Realty FWB
Mls Name: ECAOR
Mls Provider:
Mls ID: #984438
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