511 NE Avenue HCarrabelleFL32322
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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 Carrabelle at 511 NE Avenue H, Carrabelle, FL, 32322 offers $3,000/mo rent that, after a $2,007/mo payment, leaves $279/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $3,347/yr on $135,915 cash. Return on cash invested measures 22.37% in year one, and rental yield stands at 8.78% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 116.63% and total cumulative return in cash reaches $158,519. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Beth Klein • Sea Crest Real Estate, Inc.
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #324050
Disclaimer: Property information provided by the FCRA MLS a service of the Forgotten Coast REALTOR Association. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.