592 Wingspan WayCrestviewFL32536
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 592 Wingspan Way, Crestview, FL, 32536 in Crestview is narrow, $39/mo net on $1,440/mo rent after the $809/mo debt service, but the property operates at break-even-plus, not a loss. At $180,000 with a 9.6% yield, the long-run equity case via 5% appreciation ($49,731 over five years) and $1,658/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.78 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $84,451.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $39 | $300 |
City averages based on Crestview market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $1,123 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2006
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32536, Crestview, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,304 (100%) |
| Owner Occupied HU | 7,146 (63.2%) |
| Renter Occupied HU | 3,359 (29.7%) |
| Vacant Housing Units | 799 ( 7.1%) |
| Median Home Value | $343,874 |
| Average Home Value | $452,005 |
Housing Distribution
Address Breakdown
Residential
10,735
Single Family
9,865
Multi-Family
870
Businesses
1,082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2006
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32536, Crestview, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,304 (100%) |
| Owner Occupied HU | 7,146 (63.2%) |
| Renter Occupied HU | 3,359 (29.7%) |
| Vacant Housing Units | 799 ( 7.1%) |
| Median Home Value | $343,874 |
| Average Home Value | $452,005 |
Housing Distribution
Address Breakdown
Residential
10,735
Single Family
9,865
Multi-Family
870
Businesses
1,082
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices