228 Watson Dr NWFort 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
Rental property for sale in Fort Walton Beach at 228 Watson Dr NW, Fort Walton Beach, FL, 32548 priced at $310,900 converts $2,494/mo rent into $431/mo cash flow after a $1,522/mo obligation. Total monthly income equals $2,494/mo, and annual cash flow totals $5,166/yr on $103,063 invested. Return on cash invested prints 24.92% in year one, and rental yield reads 9.63% against a $310,900 entry. Equity gained on principal adds $2,006/yr, while 5% annual appreciation compiles into $85,896 by year five. Five-year ROI reaches 130.33% and total cumulative return in cash sums $134,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,494/mo property income covering a $1,522/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.25 Acres 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: Lisa Lethcoe • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #987954