3300 Highway 98 UNIT 301Mexico BeachFL32456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mexico Beach at 3300 Highway 98 UNIT 301, Mexico Beach, FL, 32456 listed at $359,900 pairs $2,014/mo rent with a $1,762/mo payment. Total monthly income runs $2,014/mo. Return on cash invested measures 16.14% in year one, and rental yield registers 6.72% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 83.23% and total cumulative return in cash totals $99,302. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,014/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
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Listed by: Teresa Carlton • Forgotten Coast Realty of NW Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324075