332 Royal Tern WayCARRABELLEFL32322
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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 CARRABELLE at 332 Royal Tern Way, CARRABELLE, FL, 32322 offers $3,326/mo rent that, after a $2,386/mo payment, leaves $91/mo cash flow. Total monthly income is $3,326/mo, and annual cash flow is $1,091/yr on $161,606 cash. Return on cash invested measures 20.58% in year one, and rental yield stands at 8.19% at a $487,500 entry. Equity gained on principal adds $3,146/yr while 5% annual appreciation compounds into $134,687 by year five. Five-year ROI records 107.04% and total cumulative return in cash reaches $172,987. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,326/mo property income versus a $2,386/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
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: Stephen Hachey • Lowest Fee Realty LLC
Mls Name: CPAR
Mls ID: #778791