2934 Scenic Highway 98 UNIT 301DestinFL32541
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Nearby investment properties with comparable prices
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 Destin at 2934 Scenic Highway 98 UNIT 301, Destin, FL, 32541 listed at $935,000 pairs $2,576/mo rent with a $4,576/mo payment. Total monthly income runs $2,576/mo. Return on cash invested measures 0.98% in year one, and rental yield registers 3.31% at a $935,000 basis. Equity gained on principal adds $6,033/yr, and annual property appreciation at 5% supports $258,323 by year five. Five-year ROI tracks 3.69% and total cumulative return in cash totals $11,348. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,576/mo property income relative to a $4,576/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1995
N/A lot
$N/A/sqft
$1,262 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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Listed by: Mark A DeSalvo • Newman Dailey Resort Properties
Mls Name: ECAOR
Mls Provider:
Mls ID: #975549
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