615 31st StNicevilleFL32578
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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 Niceville at 615 31st St, Niceville, FL, 32578 earns $250/mo cash flow from $2,820/mo rent with a $1,879/mo payment. Total monthly income totals $2,820/mo, and annual cash flow totals $2,998/yr on $127,296 capital. ROI tracks 22.26% on current figures, and rental yield reads 8.81% at a $384,000 purchase. Equity gained on principal adds $2,478/yr, and 5% annual appreciation supports $106,092 over five years. Five-year ROI reaches 116.14% and total cumulative return in cash sums $147,836. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Multi Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32578, Niceville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 11,177 (74.5%) |
| Renter Occupied HU | 3,110 (20.7%) |
| Vacant Housing Units | 706 ( 4.7%) |
| Median Home Value | $464,615 |
| Average Home Value | $536,480 |
Housing Distribution
Address Breakdown
Residential
14,829
Single Family
14,667
Multi-Family
162
Businesses
759
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Listed by: Kelli M Van Pelt • Eagle Bay Real Estate
Mls Name: ECAOR
Mls Provider:
Mls ID: #955664
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189