38 S Harborview RdPt WashingtonFL32459
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 Pt Washington at 38 S Harborview Rd, Pt Washington, FL, 32459 priced at $390,000 converts $2,661/mo rent into $73/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,661/mo, and annual cash flow totals $873/yr on $129,285 invested. Return on cash invested prints 20.58% in year one, and rental yield reads 8.19% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 107.05% and total cumulative return in cash sums $138,404. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,661/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2004
6,534 sqft 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: Mandy Cooper • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls ID: #980139