2455 Highway 98 WCarrabelleFL32322
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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 Carrabelle at 2455 Highway 98 W, Carrabelle, FL, 32322 uses $109,064 cash to close to unlock $9,804/yr annual cash flow and $817/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,610/mo payment keeps the spread at $817/mo. Purchase price stands at $329,000, and rental yield measures 10.94% with $3,000/mo rent. Return on cash invested shows 28.9% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 151.63% and total cumulative return in cash records $165,369. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Janalyn Dowden • Sea Crest Real Estate, Inc.
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324267