514 23rd StNicevilleFL32578
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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 Niceville at 514 23rd St, Niceville, FL, 32578 offers a 9.29% rental yield on a $295,000 purchase with $2,283/mo rent. Total monthly income registers $2,283/mo, and a $1,444/mo payment leaves $325/mo available for distribution. Annual cash flow reaches $3,903/yr on $97,793 to close, and return on cash invested stands at 23.9% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 124.87% and total cumulative return in cash at $122,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,283/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
10,454 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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Listed by: Monica A Hebert • Keller Williams Realty Nville
Mls Name: ECAOR
Mls Provider:
Mls ID: #980241
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189