2606 Scenic Gulf Dr UNIT 2312Miramar 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
Investment property for sale in Miramar Beach at 2606 Scenic Gulf Dr UNIT 2312, Miramar Beach, FL, 32550 offers a 4.08% rental yield on a $689,000 purchase with $2,340/mo rent. 24% in year one. Equity gained on principal adds $4,446/yr while 5% annual appreciation supports $190,358 over five years. Portfolio math shows five-year ROI at 40.84% and total cumulative return in cash at $92,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,340/mo property income against a $3,372/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A 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: Jonathan Minerick • homecoin.com
Mls Name: ECAOR
Mls ID: #987838