359 Billfish Ave UNIT 7Fort 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 359 Billfish Ave UNIT 7, Fort Walton Beach, FL, 32548 generates $2,869/mo in rent and, after a $2,105/mo payment, leaves $15/mo in cash flow. Total monthly income is $2,869/mo, and annual cash flow is $181/yr on $142,545 invested. Return on cash invested sits at 20.04% in year one, and rental yield is 8.01% on a $429,999 entry. Equity gained on principal adds $2,775/yr, while 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 104.13% and total cumulative return in cash sums $148,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,869/mo property income rather than buyer’s personal income.
Townhouse
Built in 1979
2,400 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
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Listed by: Emily K Smedley Daley • Coldwell Banker Realty
Mls Name: ECAOR
Mls ID: #985321