502 Gulf Shore Dr UNIT 318DestinFL32541
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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 Destin at 502 Gulf Shore Dr UNIT 318, Destin, FL, 32541 listed at $429,900 pairs $2,576/mo rent with a $2,104/mo payment. Total monthly income runs $2,576/mo. Return on cash invested measures 17.58% in year one, and rental yield registers 7.19% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Five-year ROI tracks 90.94% and total cumulative return in cash totals $129,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,576/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
No 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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