511 S 2nd StWewahitchkaFL32465
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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 Wewahitchka at 511 S 2nd St, Wewahitchka, FL, 32465 uses $84,199 cash to close to unlock $7,351/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $2,298/mo, and a $1,243/mo payment keeps the spread at $613/mo. Purchase price stands at $253,995, and rental yield measures 10.86% with $2,298/mo rent. Return on cash invested shows 28.64% in year one, and 5% annual appreciation builds toward $70,174 over five years. Five-year ROI reaches 150.26% and total cumulative return in cash records $126,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,298/mo property income covering a $1,243/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
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Listed by: Nicole Majors • EXP Realty LLC
Mls Name: CPAR
Mls ID: #777673