308 Miracle Strip Pkwy SW UNIT 1CFort 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
Rental property for sale in Fort Walton Beach at 308 Miracle Strip Pkwy SW UNIT 1C, Fort Walton Beach, FL, 32548 priced at $199,000 converts $1,824/mo rent into $503/mo cash flow after a $974/mo obligation. Total monthly income equals $1,824/mo, and annual cash flow totals $6,041/yr on $65,969 invested. Return on cash invested prints 29.07% in year one, and rental yield reads 11% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 152.57% and total cumulative return in cash sums $100,650. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,824/mo property income covering a $974/mo payment, not borrower’s personal income.
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
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Listed by: Danya L Wilson • Superior Realty Group LLC
Mls Name: ECAOR
Mls ID: #976331