504 Kelly StDestinFL32541
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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 Destin at 504 Kelly St, Destin, FL, 32541 priced at $549,000 pairs $3,197/mo rent with after a $2,687/mo payment. Total monthly income equals $3,197/mo. Return on cash invested is 17.1% in year one, and rental yield stands at 6.99% on a $549,000 basis. Equity gained on principal adds $3,543/yr, and 5% annual appreciation accumulates to $151,679 by year five. Five-year ROI measures 88.32% and total cumulative return in cash reaches $159,524. For financing, Ziffy Mortgage’s DSCR program evaluates $3,197/mo property income against a $2,687/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.37 Acres 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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