607 Three Rivers RdCarrabelleFL32322
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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 607 Three Rivers Rd, Carrabelle, FL, 32322 with 5% annual appreciation on a $239,900 basis while $1,621/mo rent supports operations. Total monthly income totals $1,621/mo and a $1,174/mo payment preserves $29/mo for cash returns. Annual cash flow comes to $350/yr on $79,527 deployed, and return on cash invested reaches 20.35% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 8.11%. Five-year ROI measures 105.83% and total cumulative return in cash totals $84,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,621/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
6,969 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: Johnson Team • Core on the Coast, LLC
Mls Name: Forgotten Coast Realtor Association
Mls ID: #322466