229 Carmel Dr UNIT 4Fort Walton BeachFL32547
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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 229 Carmel Dr UNIT 4, Fort Walton Beach, FL, 32547 at $236,500 posts ROI 19.39% with from $1,711/mo rent. Total monthly income equals $1,711/mo. Return on cash invested measures 19.39% and rental yield reads 8.68% at the current $236,500. Equity gained on principal adds $1,526/yr, and 5% annual appreciation supports $65,341 by year five. Five-year ROI prints 101.67% and total cumulative return in cash totals $79,711. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,711/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1982
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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Listed by: Damir Simovic • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #975944
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