402 California DrMexico BeachFL32456
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
Investment property for sale in Mexico Beach at 402 California Dr, Mexico Beach, FL, 32456 at $725,000 posts ROI 12.43% with from $3,295/mo rent. Total monthly income equals $3,295/mo. Return on cash invested measures 12.43% and rental yield reads 5.45% at the current $725,000. Equity gained on principal adds $4,678/yr, and 5% annual appreciation supports $200,304 by year five. Five-year ROI prints 63.3% and total cumulative return in cash totals $150,989. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,295/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
10,759 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32456, Port Saint Joe, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,898 (100%) |
| Owner Occupied HU | 3,107 (45.0%) |
| Renter Occupied HU | 755 (10.9%) |
| Vacant Housing Units | 3,036 (44.0%) |
| Median Home Value | $381,495 |
| Average Home Value | $519,804 |
Housing Distribution
Address Breakdown
Residential
4,651
Single Family
4,470
Multi-Family
181
Businesses
390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffery Swayze • The Joe Real Estate Partners
Mls Name: Forgotten Coast Realtor Association
Mls ID: #322615