244 Arazzo Way #5Pt Saint JoeFL32456
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
Investment Highlights
Rental property for sale in Pt Saint Joe at 244 Arazzo Way #5, Pt Saint Joe, FL, 32456 priced at $354,900 converts $3,590/mo rent into $1,102/mo cash flow after a $1,737/mo obligation. Total monthly income equals $3,590/mo, and annual cash flow totals $13,219/yr on $117,649 invested. Return on cash invested prints 31.14% in year one, and rental yield reads 12.14% against a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation compiles into $98,052 by year five. Five-year ROI reaches 164.19% and total cumulative return in cash sums $193,168. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,590/mo property income covering a $1,737/mo payment, not borrower’s personal income.
Multi Family
Built in 2023
N/A lot
$N/A/sqft
$400 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaye Haddock • Beach Properties Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #763546
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.