3816 Indigo CirDestinFL32541
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3816 Indigo Cir, Destin, FL, 32541 in Destin at $488,999 earns $3,300/mo in rent and nets $55/mo after the $2,199/mo payment, a 8.1% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $135,101 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $4,504/yr in principal paydown, total projected return reaches $189,927.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $55 | $1,200 |
City averages based on Destin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,300 |
| Total Monthly Debt Service | $3,051 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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
Single Family
Built in 1993
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices