231 Michael AveMary EstherFL32569
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 231 Michael Ave, Mary Esther, FL, 32569 in Mary Esther worth modelling. At $330,000 with a 7.98% gross yield, the $2,194/mo rent leaves $4/mo after the $1,484/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.48 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $91,173 by year five; $3,039/yr in principal reduction adds further equity. Total projected return: $126,075.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.0% |
| Monthly Cash Flow | $4 | $200 |
City averages based on Mary Esther market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,194 |
| Total Monthly Debt Service | $2,059 |
| DSCR Ratio | 1.07x |
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 1987
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32569, Mary Esther, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,848 (100%) |
| Owner Occupied HU | 3,490 (59.7%) |
| Renter Occupied HU | 1,893 (32.4%) |
| Vacant Housing Units | 465 ( 8.0%) |
| Median Home Value | $383,658 |
| Average Home Value | $456,649 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,418
Multi-Family
118
Businesses
544
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 1987
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32569, Mary Esther, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,848 (100%) |
| Owner Occupied HU | 3,490 (59.7%) |
| Renter Occupied HU | 1,893 (32.4%) |
| Vacant Housing Units | 465 ( 8.0%) |
| Median Home Value | $383,658 |
| Average Home Value | $456,649 |
Housing Distribution
Address Breakdown
Residential
5,536
Single Family
5,418
Multi-Family
118
Businesses
544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: ECAOR
Mls ID: #997320