304 Highway 98CarrabelleFL32322
Nearby investment properties with comparable rents
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
Rental property for sale in Carrabelle at 304 Highway 98, Carrabelle, FL, 32322 priced at $399,900 converts $3,000/mo rent into $347/mo cash flow after a $1,957/mo obligation. Total monthly income equals $3,000/mo, and annual cash flow totals $4,158/yr on $132,567 invested. Return on cash invested prints 23.05% in year one, and rental yield reads 9% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 120.26% and total cumulative return in cash sums $159,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,000/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Johnson Team • Core on the Coast, LLC
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #322509
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.