54-5 Parker StCarrabelleFL32322
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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 54-5 Parker St, Carrabelle, FL, 32322 priced at $108,900 converts $818/mo rent into $95/mo cash flow after a $533/mo obligation. Total monthly income equals $818/mo, and annual cash flow totals $1,144/yr on $36,100 invested. Return on cash invested prints 23.08% in year one, and rental yield reads 9.01% against a $108,900 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation compiles into $30,087 by year five. Five-year ROI reaches 120.54% and total cumulative return in cash sums $43,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $818/mo property income covering a $533/mo payment, not borrower’s personal income.
Townhouse
Built in 1940
435.60 sqft 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: Mary Lawhon • Bay Point Real Estate Group, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324357