2289 Surf Rd UNIT B4Ochlockonee BayFL32346
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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 Ochlockonee Bay at 2289 Surf Rd UNIT B4, Ochlockonee Bay, FL, 32346 listed at $299,900 pairs $2,545/mo rent with a $1,468/mo payment to leave $555/mo cash flow. Total monthly income runs $2,545/mo, and annual cash flow reaches $6,656/yr on $99,417 cash to close. Return on cash invested measures 26.6% in year one, and rental yield registers 10.18% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 139.33% and total cumulative return in cash totals $138,520. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,545/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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Listed by: Steven P Lastowski • Lastowski Realty & Prop. Ser.
Mls Name: TBR
Mls ID: #386072