293 Sunset Bay UNIT 29BMiramar 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
Investment property for sale in Miramar Beach at 293 Sunset Bay UNIT 29B, Miramar Beach, FL, 32550 uses $144,203 cash to close to unlock $488/yr annual cash flow and $41/mo monthly cash flow. Total monthly income runs $3,676/mo, and a $2,129/mo payment keeps the spread at $41/mo. Purchase price stands at $435,000, and rental yield measures 10.14% with $3,676/mo rent. Return on cash invested shows 20.25% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 107.51% and total cumulative return in cash records $155,028. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,676/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
$2,246 quarterly 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: Blue Wave Group • Coldwell Banker Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #953018
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. Member number: 28189