261 Wilkerson RdDefuniak 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 Wilkerson Rd, Defuniak Springs, FL, 32433 priced at $1,300,000 converts $2,460/mo rent into after a $6,363/mo obligation. Total monthly income equals $2,460/mo. Return on cash invested prints 2.8% in year one, and rental yield reads 2.27% against a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation compiles into $359,166 by year five. Five-year ROI reaches 11.59% and total cumulative return in cash sums $48,819. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $6,363/mo payment, not borrower’s personal income.
Single Family
Built in 1989
26.83 Acres 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: Sandra L Wyatt • Sandy Life LLC
Mls Name: ECAOR
Mls ID: #986452