445 Gulf Shore Dr UNIT 2DestinFL32541
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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 Destin at 445 Gulf Shore Dr UNIT 2, Destin, FL, 32541 priced at $695,000 pairs $4,808/mo rent with $166/mo cash flow after a $3,402/mo payment. Total monthly income equals $4,808/mo, and annual cash flow comes to $1,992/yr on $228,655 invested. Return on cash invested is 20.93% in year one, and rental yield stands at 8.3% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 108.93% and total cumulative return in cash reaches $249,066. For financing, Ziffy Mortgage’s DSCR program evaluates $4,808/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$355 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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Listed by: Kendall L Hood • Compass
Mls Name: ECAOR
Mls Provider:
Mls ID: #943449
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