500 2nd StChipleyFL32428
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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 Chipley at 500 2nd St, Chipley, FL, 32428 generates $1,264/mo in rent and, after a $807/mo payment, leaves $170/mo in cash flow. Total monthly income is $1,264/mo, and annual cash flow is $2,038/yr on $54,664 invested. Return on cash invested sits at 23.64% in year one, and rental yield is 9.2% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 123.4% and total cumulative return in cash sums $67,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,264/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32428, Chipley, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 5,171 (67.1%) |
| Renter Occupied HU | 1,404 (18.2%) |
| Vacant Housing Units | 1,129 (14.7%) |
| Median Home Value | $223,466 |
| Average Home Value | $270,097 |
Housing Distribution
Address Breakdown
Residential
7,032
Single Family
7,032
Multi-Family
0
Businesses
598
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