2948 Ferris DrNavarreFL32566
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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 Navarre at 2948 Ferris Dr, Navarre, FL, 32566 at $169,000 posts ROI 32.09% with $569/mo cash flow from $1,690/mo rent. Total monthly income equals $1,690/mo, and annual cash flow records $6,824/yr on $56,024 to close. Return on cash invested measures 32.09% and rental yield reads 12% at the current $169,000. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 by year five. Five-year ROI prints 168.76% and total cumulative return in cash totals $94,543.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,690/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32566, Navarre, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,513 (100%) |
| Owner Occupied HU | 14,355 (70.0%) |
| Renter Occupied HU | 3,832 (18.7%) |
| Vacant Housing Units | 2,326 (11.3%) |
| Median Home Value | $401,900 |
| Average Home Value | $451,144 |
Housing Distribution
Address Breakdown
Residential
19,041
Single Family
18,600
Multi-Family
441
Businesses
760
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Listed by: Melissa R Forte-Litscher • NextHome Cornerstone Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #979515
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