309 Olympia CtFort Walton BeachFL32547
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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 309 Olympia Ct, Fort Walton Beach, FL, 32547 priced at $229,000 converts $2,160/mo rent into $640/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $7,682/yr on $75,914 invested. Return on cash invested prints 30.03% in year one, and rental yield reads 11.32% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 157.76% and total cumulative return in cash sums $119,765. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Townhouse
Built in 1985
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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Listed by: Blake A Woodham • The Gulf Coast Property Group
Mls Name: ECAOR
Mls Provider:
Mls ID: #971493
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