34 Herons Watch Way UNIT 1203Santa Rosa BeachFL32459
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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 Santa Rosa Beach at 34 Herons Watch Way UNIT 1203, Santa Rosa Beach, FL, 32459 listed at $299,000 pairs $2,408/mo rent with a $1,463/mo payment to leave $424/mo cash flow. Total monthly income runs $2,408/mo, and annual cash flow reaches $5,091/yr on $99,119 cash to close. Return on cash invested measures 25.05% in year one, and rental yield registers 9.66% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 131% and total cumulative return in cash totals $129,850. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,408/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: The Bobby J Team • EXP Realty LLC
Mls Name: ECAOR
Mls ID: #991738