29 Coastal Grove Way UNIT BSanta 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 UNIT B, Santa Rosa Beach, FL, 32459 offers $8,587/mo rent that, after a $5,722/mo payment, leaves $329/mo cash flow. Total monthly income is $8,587/mo, and annual cash flow is $3,948/yr on $378,756 cash. Return on cash invested measures 21.41% in year one, and rental yield stands at 8.81% at a $1,169,000 entry. Equity gained on principal adds $7,543/yr while 5% annual appreciation compounds into $322,973 by year five. Five-year ROI records 111.98% and total cumulative return in cash reaches $424,127. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,587/mo property income versus a $5,722/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
$500 monthly 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: Brandie Allon • Coastal Palms Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #749570
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.