501 NE Avenue A #CCarrabelleFL32322
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carrabelle at 501 NE Avenue A #C, Carrabelle, FL, 32322 generates $2,139/mo in rent and, after a $1,466/mo payment, leaves $151/mo in cash flow. Total monthly income is $2,139/mo, and annual cash flow is $1,816/yr on $99,284 invested. Return on cash invested sits at 21.74% in year one, and rental yield is 8.57% on a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 113.27% and total cumulative return in cash sums $112,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,139/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
3,354 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Barber • Coastal Realty Group-Carrabelle
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324315