512 Hickory AveNicevilleFL32578
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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 Niceville at 512 Hickory Ave, Niceville, FL, 32578 priced at $389,999 converts $2,820/mo rent into $232/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,820/mo, and annual cash flow totals $2,781/yr on $129,285 invested. Return on cash invested prints 22.06% in year one, and rental yield reads 8.68% against a $389,999 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 114.97% and total cumulative return in cash sums $148,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,820/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2011
7,405 sqft 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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