304 Barracuda Ave UNIT 202Fort Walton BeachFL32548
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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 Fort Walton Beach at 304 Barracuda Ave UNIT 202, Fort Walton Beach, FL, 32548 listed at $250,000 pairs $1,802/mo rent with a $1,224/mo payment to leave $143/mo cash flow. Total monthly income runs $1,802/mo, and annual cash flow reaches $1,711/yr on $82,875 cash to close. Return on cash invested measures 21.97% in year one, and rental yield registers 8.65% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 114.52% and total cumulative return in cash totals $94,906. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,802/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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Listed by: Grace Luberto • Realty ONE Group Emerald Coast
Mls Name: ECAOR
Mls ID: #990954