425 River RdCarrabelleFL32322
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
Rental property for sale in Carrabelle at 425 River Rd, Carrabelle, FL, 32322 priced at $545,000 converts $2,316/mo rent into after a $2,668/mo obligation. Total monthly income equals $2,316/mo. Return on cash invested prints 11.35% in year one, and rental yield reads 5.1% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 57.52% and total cumulative return in cash sums $103,128. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,316/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Barber • Jessica Barber Real Estate, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324363