492 Land DrWewahitchkaFL32465
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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 Wewahitchka at 492 Land Dr, Wewahitchka, FL, 32465 earns from $1,050/mo rent with a $1,060/mo payment. Total monthly income totals $1,050/mo. ROI tracks 13.44% on current figures, and rental yield reads 5.82% at a $216,500 purchase. Equity gained on principal adds $1,397/yr, and 5% annual appreciation supports $59,815 over five years. Five-year ROI reaches 68.73% and total cumulative return in cash sums $49,324. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,050/mo property income instead of your personal income.
Manufactured
Built in 1988
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
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Listed by: Pam Renaud • Forgotten Coast Realty of NW Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324936