29 Coastal Grove Way #2Santa Rosa BeachFL32459
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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 Santa Rosa Beach at 29 Coastal Grove Way #2, Santa Rosa Beach, FL, 32459 priced at $995,000 converts $5,389/mo rent into after a $4,870/mo obligation. Total monthly income equals $5,389/mo. Return on cash invested prints 15.61% in year one, and rental yield reads 6.5% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 80.36% and total cumulative return in cash sums $263,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,389/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 2008
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: Greg Alsobrook • Watersound Real Estate
Mls Name: ECAOR
Mls ID: #990745