389 E Creekview DrWewahitchkaFL32465
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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 Wewahitchka at 389 E Creekview Dr, Wewahitchka, FL, 32465 with 5% annual appreciation on a $325,000 basis while $2,210/mo rent supports operations. Total monthly income totals $2,210/mo and a $1,591/mo payment preserves $53/mo for cash returns. Annual cash flow comes to $636/yr on $107,738 deployed, and return on cash invested reaches 20.5% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.16%. Five-year ROI measures 106.57% and total cumulative return in cash totals $114,817.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,210/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
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Listed by: Miranda Rollins • 98 Real Estate Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324324