345 Elliott RdFort Walton BeachFL32548
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
Rental property for sale in Fort Walton Beach at 345 Elliott Rd, Fort Walton Beach, FL, 32548 priced at $219,000 converts $1,467/mo rent into $14/mo cash flow after a $1,072/mo obligation. Total monthly income equals $1,467/mo, and annual cash flow totals $163/yr on $72,599 invested. Return on cash invested prints 20.13% in year one, and rental yield reads 8.04% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. Five-year ROI reaches 104.63% and total cumulative return in cash sums $75,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,467/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Single Family
Built in 1951
8,276 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rick A Deckert • Lokation
Mls Name: ECAOR
Mls ID: #993107