4639 Paradise IsleDestinFL32541
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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 4639 Paradise Isle, Destin, FL, 32541 offers $5,071/mo rent that, after a $8,149/mo payment. Total monthly income is $5,071/mo. Return on cash invested measures 6.32% in year one, and rental yield stands at 3.65% at a $1,665,000 entry. Equity gained on principal adds $10,744/yr while 5% annual appreciation compounds into $460,009 by year five. Five-year ROI records 30.76% and total cumulative return in cash reaches $165,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,071/mo property income versus a $8,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
8,712 sqft lot
$N/A/sqft
$4,043 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: Jacklyn M Riley • Douglas Elliman
Mls Name: ECAOR
Mls Provider:
Mls ID: #949321
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