280 24th AveApalachicolaFL32320
Nearby investment properties with comparable rents
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 Apalachicola at 280 24th Ave, Apalachicola, FL, 32320 offers a 9.6% rental yield on a $110,000 purchase with $880/mo rent. Total monthly income registers $880/mo, and a $538/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,805/yr on $36,465 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 130.09% and total cumulative return in cash at $47,436. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $880/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1989
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32320, Apalachicola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,109 (100%) |
| Owner Occupied HU | 1,298 (61.5%) |
| Renter Occupied HU | 432 (20.5%) |
| Vacant Housing Units | 379 (18.0%) |
| Median Home Value | $321,831 |
| Average Home Value | $360,963 |
Housing Distribution
Address Breakdown
Residential
1,618
Single Family
1,616
Multi-Family
2
Businesses
162
Nearby investment properties with comparable rents
Listed by: Johnson Team • Core on the Coast, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324714