462 Abalone Ct UNIT 202Fort Walton BeachFL32548
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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
Total monthly income runs $2,537/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 6.1% with $2,537/mo rent. Return on cash invested shows 6.31% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 33.41% and total cumulative return in cash records $55,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,537/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
$3,300 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32548, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,809 (100%) |
| Owner Occupied HU | 6,240 (45.2%) |
| Renter Occupied HU | 4,003 (29.0%) |
| Vacant Housing Units | 3,566 (25.8%) |
| Median Home Value | $391,243 |
| Average Home Value | $470,098 |
Housing Distribution
Address Breakdown
Residential
12,091
Single Family
10,031
Multi-Family
2,060
Businesses
1,348
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Listed by: Corey C Ledbetter • Scenic Sotheby's International Realty
Mls Name: ECAOR
Mls Provider:
Mls ID: #974893
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