280 Pirates Landing Dr #A2CarrabelleFL32322
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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
Investment property for sale in Carrabelle at 280 Pirates Landing Dr #A2, Carrabelle, FL, 32322 listed at $231,900 pairs $3,000/mo rent with a $1,135/mo payment to leave $1,236/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $14,833/yr on $76,875 cash to close. Return on cash invested measures 39.2% in year one, and rental yield registers 15.52% at a $231,900 basis. Equity gained on principal adds $1,496/yr, and annual property appreciation at 5% supports $64,070 by year five. Five-year ROI tracks 208.24% and total cumulative return in cash totals $160,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $1,135/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
4,356 sqft lot
$N/A/sqft
$2,700 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Paul B Parker • Harbor Point Realty
Mls Name: TBR
Mls Provider:
Mls ID: #267201
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.