401 Saint James Ave #1CarrabelleFL32322
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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 Carrabelle at 401 Saint James Ave #1, Carrabelle, FL, 32322 uses $95,804 cash to close to unlock $1,664/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $2,057/mo, and a $1,415/mo payment keeps the spread at $139/mo. Purchase price stands at $289,000, and rental yield measures 8.54% with $2,057/mo rent. Return on cash invested shows 21.65% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 112.76% and total cumulative return in cash records $108,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,057/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Trina Canas • RECIPROCAL OFFICE
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324694