229 Twin Lakes LnDestinFL32541
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Destin rental at 229 Twin Lakes Ln, Destin, FL, 32541 sits in the solid-income band: 9.72% gross yield, $3,103/mo rent, $530/mo net after the $1,722/mo debt service, DSCR 1.80. Entry price of $383,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $105,816 and $3,527/yr in principal reduction bring total cumulative return to $180,247.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $530 | $1,200 |
City averages based on Destin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,103 |
| Total Monthly Debt Service | $2,421 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
3,484 sqft lot
$N/A/sqft
$376 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
3,484 sqft lot
$N/A/sqft
$376 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John J Holahan • Better Homes and Gardens Real Estate Emerald Coast
Mls Name: ECAOR
Mls Provider:
Mls ID: #959154
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