3186 Highway 98 E UNIT F3CarrabelleFL32322
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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 F3, Carrabelle, FL, 32322 offers a 8.12% rental yield on a $274,900 purchase with $1,860/mo rent. Total monthly income registers $1,860/mo, and a $1,346/mo payment leaves $36/mo available for distribution. Annual cash flow reaches $435/yr on $91,129 to close, and return on cash invested stands at 20.39% in year one. Equity gained on principal adds $1,774/yr while 5% annual appreciation supports $75,950 over five years. Portfolio math shows five-year ROI at 106.01% and total cumulative return in cash at $96,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
N/A 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: Dwayne Coulter • Beach Vacation Realty
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324789