603 Merioneth DrFort Walton BeachFL32547
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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 Fort Walton Beach at 603 Merioneth Dr, Fort Walton Beach, FL, 32547 with 5% annual appreciation on a $479,000 basis while $3,301/mo rent supports operations. Total monthly income totals $3,301/mo and a $2,344/mo payment preserves $123/mo for cash returns. Annual cash flow comes to $1,473/yr on $158,789 deployed, and return on cash invested reaches 20.84% in year one. Equity gained on principal adds $3,091/yr, and five-year appreciation sums $132,339 alongside rental yield of 8.27%. Five-year ROI measures 108.4% and total cumulative return in cash totals $172,131.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,301/mo property income versus a $2,344/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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Listed by: Justin B Myers • EXP Realty LLC
Mls Name: ECAOR
Mls ID: #979679