605 3rd Ave #ADestinFL32541
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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 Destin at 605 3rd Ave #A, Destin, FL, 32541 listed at $492,400 pairs $14,200/mo rent with a $2,410/mo payment to leave $10,932/mo cash flow. Total monthly income runs $14,200/mo, and annual cash flow reaches $131,189/yr on $163,231 cash to close. Return on cash invested measures 100.28% in year one, and rental yield registers 34.61% at a $492,400 basis. Equity gained on principal adds $3,177/yr, and annual property appreciation at 5% supports $136,041 by year five. Five-year ROI tracks 534.42% and total cumulative return in cash totals $872,338. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $14,200/mo property income relative to a $2,410/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
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