264 Bay AveWewahitchkaFL32465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wewahitchka at 264 Bay Ave, Wewahitchka, FL, 32465 generates $1,069/mo in rent and, after a $685/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,069/mo, and annual cash flow is $1,682/yr on $46,410 invested. Return on cash invested sits at 23.53% in year one, and rental yield is 9.16% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash sums $57,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,069/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Miranda Rollins • 98 Real Estate Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324750