506 Spring Acres CvNicevilleFL32578
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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 Niceville at 506 Spring Acres Cv, Niceville, FL, 32578 with 5% annual appreciation on a $987,750 basis while $3,360/mo rent supports operations. 26% in year one. Equity gained on principal adds $6,374/yr, and five-year appreciation sums $272,897 alongside rental yield of 4.08%. Five-year ROI measures 40.94% and total cumulative return in cash totals $133,030. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,360/mo property income versus a $4,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2004
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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Listed by: Scott Parrish • Eagle Bay Real Estate
Mls Name: ECAOR
Mls Provider:
Mls ID: #974240
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189