254 E Iris LnDefuniak SpringsFL32433
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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 Defuniak Springs at 254 E Iris Ln, Defuniak Springs, FL, 32433 at $223,000 posts ROI 21.22% with $81/mo cash flow from $1,560/mo rent. Total monthly income equals $1,560/mo, and annual cash flow records $967/yr on $73,925 to close. Return on cash invested measures 21.22% and rental yield reads 8.39% at the current $223,000. Equity gained on principal adds $1,439/yr, and 5% annual appreciation supports $61,611 by year five. Five-year ROI prints 110.47% and total cumulative return in cash totals $81,665.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2008
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: Amanda J Ealum • APC Real Estate Group LLC
Mls Name: ECAOR
Mls Provider:
Mls ID: #976084
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