506 Wingspan WayCrestviewFL32536
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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 Crestview at 506 Wingspan Way, Crestview, FL, 32536 priced at $243,000 pairs $1,805/mo rent with $193/mo cash flow after a $1,189/mo payment. Total monthly income equals $1,805/mo, and annual cash flow comes to $2,313/yr on $80,555 invested. Return on cash invested is 22.78% in year one, and rental yield stands at 8.91% on a $243,000 basis. Equity gained on principal adds $1,568/yr, and 5% annual appreciation accumulates to $67,136 by year five. Five-year ROI measures 118.83% and total cumulative return in cash reaches $95,720. For financing, Ziffy Mortgage’s DSCR program evaluates $1,805/mo property income against a $1,189/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2006
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32536, Crestview, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,304 (100%) |
| Owner Occupied HU | 7,146 (63.2%) |
| Renter Occupied HU | 3,359 (29.7%) |
| Vacant Housing Units | 799 ( 7.1%) |
| Median Home Value | $343,874 |
| Average Home Value | $452,005 |
Housing Distribution
Address Breakdown
Residential
10,735
Single Family
9,865
Multi-Family
870
Businesses
1,082
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