240 Brooks St #E301Fort 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
Investment property for sale in Fort Walton Beach at 240 Brooks St #E301, Fort Walton Beach, FL, 32548 offers a 5.14% rental yield on a $839,900 purchase with $3,600/mo rent. 49% in year one. Equity gained on principal adds $5,420/yr while 5% annual appreciation supports $232,049 over five years. Portfolio math shows five-year ROI at 58.25% and total cumulative return in cash at $160,963. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $4,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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: Denise A Stegner • Scenic Real Estate
Mls Name: ECAOR
Mls ID: #973395