601 SE 3rd 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
Investment property for sale in Carrabelle at 601 SE 3rd St, Carrabelle, FL, 32322 listed at $505,000 pairs $2,992/mo rent with a $2,472/mo payment. Total monthly income runs $2,992/mo. Return on cash invested measures 17.46% in year one, and rental yield registers 7.11% at a $505,000 basis. Equity gained on principal adds $3,259/yr, and annual property appreciation at 5% supports $139,522 by year five. Five-year ROI tracks 90.29% and total cumulative return in cash totals $150,018. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,992/mo property income relative to a $2,472/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
0.86 Acres 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: Beth Barber • Coastal Realty Group-Carrabelle
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #321579
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.