240 Brooks St SE UNIT 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 SE UNIT E301, Fort Walton Beach, FL, 32548 listed at $870,000 pairs $3,064/mo rent with a $4,258/mo payment. Total monthly income runs $3,064/mo. Return on cash invested measures -0.19% in year one, and rental yield registers 4.23% at a $870,000 basis. Equity gained on principal adds $5,614/yr, and annual property appreciation at 5% supports $240,365 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,064/mo property income relative to a $4,258/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
$2,120 monthly 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 Provider:
Mls ID: #973395
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