29 Saint Croix CtMiramar BeachFL32550
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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 Miramar Beach at 29 Saint Croix Ct, Miramar Beach, FL, 32550 priced at $655,000 converts $3,304/mo rent into after a $3,206/mo obligation. Total monthly income equals $3,304/mo. Return on cash invested prints 14.25% in year one, and rental yield reads 6.05% against a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation compiles into $180,964 by year five. Five-year ROI reaches 73.08% and total cumulative return in cash sums $157,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,304/mo property income covering a $3,206/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Caleb A Spears • Compass
Mls Name: ECAOR
Mls ID: #982401