439 Sandy Cay DrMiramar BeachFL32550
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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 Miramar Beach at 439 Sandy Cay Dr, Miramar Beach, FL, 32550 priced at $864,000 pairs $5,947/mo rent with $213/mo cash flow after a $4,229/mo payment. Total monthly income equals $5,947/mo, and annual cash flow comes to $2,558/yr on $284,256 invested. Return on cash invested is 20.96% in year one, and rental yield stands at 8.26% on a $864,000 basis. Equity gained on principal adds $5,575/yr, and 5% annual appreciation accumulates to $238,707 by year five. Five-year ROI measures 109.05% and total cumulative return in cash reaches $309,973. For financing, Ziffy Mortgage’s DSCR program evaluates $5,947/mo property income against a $4,229/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
5,662 sqft lot
$N/A/sqft
No 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
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Listed by: William A Flynn • Berkshire Hathaway HomeServices PenFed Realty
Mls Name: ECAOR
Mls ID: #976222