275 Baywinds DrDestinFL32541
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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 Destin at 275 Baywinds Dr, Destin, FL, 32541 priced at $919,000 converts $14,200/mo rent into $8,035/mo cash flow after a $4,498/mo obligation. Total monthly income equals $14,200/mo, and annual cash flow totals $96,417/yr on $302,351 invested. Return on cash invested prints 51.95% in year one, and rental yield reads 18.54% against a $919,000 entry. Equity gained on principal adds $5,930/yr, while 5% annual appreciation compiles into $253,903 by year five. Five-year ROI reaches 275.31% and total cumulative return in cash sums $832,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $14,200/mo property income covering a $4,498/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.43 Acres lot
$N/A/sqft
$200 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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Listed by: Phillip J Madden • Keller Williams Realty Destin
Mls Name: ECAOR
Mls Provider:
Mls ID: #975458
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189