3186 Highway 98 E UNIT D2CarrabelleFL32322
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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 Carrabelle at 3186 Highway 98 E UNIT D2, Carrabelle, FL, 32322 offers a 11.47% rental yield on a $395,000 purchase with $3,776/mo rent. Total monthly income registers $3,776/mo, and a $1,933/mo payment leaves $555/mo available for distribution. Annual cash flow reaches $6,660/yr on $130,943 to close, and return on cash invested stands at 25% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 132.73% and total cumulative return in cash at $173,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,776/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
4,007 sqft lot
$N/A/sqft
$600 monthly 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: Christopher Rose • Anchor Realty Florida
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #322230
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.