244 Bay Tree DrMiramar BeachFL32550
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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
Rental property for sale in Miramar Beach at 244 Bay Tree Dr, Miramar Beach, FL, 32550 priced at $549,900 pairs $3,919/mo rent with $270/mo cash flow after a $2,691/mo payment. Total monthly income equals $3,919/mo, and annual cash flow comes to $3,243/yr on $180,917 invested. Return on cash invested is 21.85% in year one, and rental yield stands at 8.55% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. Five-year ROI measures 113.83% and total cumulative return in cash reaches $205,946. For financing, Ziffy Mortgage’s DSCR program evaluates $3,919/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Joshua H Callahan • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls ID: #987988