321 Bream Ave UNIT 403Fort 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 321 Bream Ave UNIT 403, Fort Walton Beach, FL, 32548 generates $2,138/mo in rent, after a $2,325/mo payment. Total monthly income is $2,138/mo. Return on cash invested sits at 6.05% in year one, and rental yield is 5.4% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 31.33% and total cumulative return in cash sums $49,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,138/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$773 monthly 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: Ryan J Garofalo • LPT Realty LLC
Mls Name: ECAOR
Mls Provider:
Mls ID: #977145
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