432 S Shore DrMiramar BeachFL32550
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 432 S Shore Dr, Miramar Beach, FL, 32550 in Miramar Beach at $579,000 earns $4,135/mo in rent and nets $174/mo after the $2,604/mo payment, a 8.57% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $159,967 over five years. Ziffy Mortgage underwrites this on a 1.59 DSCR without U.S. credit history. With $5,333/yr in principal paydown, total projected return reaches $232,368.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.0% |
| Monthly Cash Flow | $174 | $1,200 |
City averages based on Miramar Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,135 |
| Total Monthly Debt Service | $3,731 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
10,454 sqft lot
$N/A/sqft
$119 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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
Single Family
Built in 2004
10,454 sqft lot
$N/A/sqft
$119 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luxury Beach Group • Compass
Mls Name: ECAOR
Mls Provider:
Mls ID: #992051
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189