254 Highway 98 WApalachicolaFL32320
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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 Apalachicola at 254 Highway 98 W, Apalachicola, FL, 32320 generates $2,220/mo in rent, after a $3,475/mo payment. Total monthly income is $2,220/mo. Return on cash invested sits at 7.26% in year one, and rental yield is 3.75% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 35.58% and total cumulative return in cash sums $83,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32320, Apalachicola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,109 (100%) |
| Owner Occupied HU | 1,298 (61.5%) |
| Renter Occupied HU | 432 (20.5%) |
| Vacant Housing Units | 379 (18.0%) |
| Median Home Value | $321,831 |
| Average Home Value | $360,963 |
Housing Distribution
Address Breakdown
Residential
1,618
Single Family
1,616
Multi-Family
2
Businesses
162
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Listed by: Cydney Szymanowski • St George Island Realty, LLC
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #320144
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.