48 Marina Cove Dr UNIT 104NicevilleFL32578
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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
Investment property for sale in Niceville at 48 Marina Cove Dr UNIT 104, Niceville, FL, 32578 listed at $537,500 pairs $3,178/mo rent with a $2,631/mo payment. Total monthly income runs $3,178/mo. Return on cash invested measures 17.42% in year one, and rental yield registers 7.1% at a $537,500 basis. Equity gained on principal adds $3,468/yr, and annual property appreciation at 5% supports $148,501 by year five. Five-year ROI tracks 90.05% and total cumulative return in cash totals $159,237. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,178/mo property income relative to a $2,631/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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