4 Miracle Strip Pkwy SW UNIT 23Fort 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 4 Miracle Strip Pkwy SW UNIT 23, Fort Walton Beach, FL, 32548 offers $2,270/mo rent that, after a $1,375/mo payment, leaves $406/mo cash flow. Total monthly income is $2,270/mo, and annual cash flow is $4,869/yr on $93,118 cash. Return on cash invested measures 25.14% in year one, and rental yield stands at 9.7% at a $280,900 entry. Equity gained on principal adds $1,813/yr while 5% annual appreciation compounds into $77,607 by year five. Five-year ROI records 131.47% and total cumulative return in cash reaches $122,427. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,270/mo property income versus a $1,375/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1974
871.20 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: Holly W D'Arcy • Berkshire Hathaway HomeServices
Mls Name: ECAOR
Mls ID: #977240