261 W Royal Palm AveDefuniak 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
Rental property for sale in Defuniak Springs at 261 W Royal Palm Ave, Defuniak Springs, FL, 32433 priced at $132,000 converts $1,014/mo rent into $138/mo cash flow after a $646/mo obligation. Total monthly income equals $1,014/mo, and annual cash flow totals $1,657/yr on $43,758 invested. Return on cash invested prints 23.7% in year one, and rental yield reads 9.22% against a $132,000 entry. Equity gained on principal adds $852/yr, while 5% annual appreciation compiles into $36,469 by year five. Five-year ROI reaches 123.83% and total cumulative return in cash sums $54,187. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,014/mo property income covering a $646/mo payment, not borrower’s personal income.
Single Family
Built in 2023
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: Adam R Begin • LPT Realty LLC
Mls Name: ECAOR
Mls ID: #989940