2402 Winter Park CtFort Walton BeachFL32547
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2402 Winter Park Ct, Fort Walton Beach, FL, 32547 in Fort Walton Beach earns a respectable 8.58% gross yield at $187,000, but after the $841/mo mortgage the net cash flow is $113/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.87) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $51,665 over five years, making equity the dominant return driver. Total projected return: $92,606.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.5% |
| Monthly Cash Flow | $113 | $300 |
City averages based on Fort Walton Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,572 |
| Total Monthly Debt Service | $1,167 |
| DSCR Ratio | 1.35x |
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.
Townhouse
Built in 1998
1,742 sqft lot
$N/A/sqft
No 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
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
Townhouse
Built in 1998
1,742 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott W Fader • Joseph Walter Realty LLC
Mls Name: ECAOR
Mls ID: #992186