308 Miracle Strip Pkwy SW Unit 19CFort Walton BeachFL32548
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 308 Miracle Strip Pkwy SW Unit 19C, Fort Walton Beach, FL, 32548 in Fort Walton Beach achieves a 2.13 ratio at $189,000: $1,807/mo rent versus $850/mo debt service. Rental yield 11.47%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 11.47% yield compounds alongside 5% annual appreciation projecting $52,217 in value. Total projected cumulative return: $107,603.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.5% |
| Monthly Cash Flow | $(246) | $300 |
City averages based on Fort Walton Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,807 |
| Total Monthly Debt Service | $1,179 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
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
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
Condo
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sheena M Gutierrez • ERA American Real Estate
Mls Name: ECAOR
Mls ID: #991945