508 Watson RdDefuniak SpringsFL32433
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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 Defuniak Springs at 508 Watson Rd, Defuniak Springs, FL, 32433 generates $1,560/mo in rent and, after a $1,087/mo payment, leaves $86/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $1,036/yr on $73,590 invested. Return on cash invested sits at 21.32% in year one, and rental yield is 8.43% on a $221,990 entry. Equity gained on principal adds $1,432/yr, while 5% annual appreciation builds toward $61,332 over five years. Five-year ROI reaches 111.03% and total cumulative return in cash sums $81,708. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: Octavia P Valencia • WJH Brokerage FL LLC
Mls Name: ECAOR
Mls ID: #986668