616 Bayou Dr #616Miramar BeachFL32550
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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
Rental property for sale in Miramar Beach at 616 Bayou Dr #616, Miramar Beach, FL, 32550 generates $3,301/mo in rent, after a $2,682/mo payment. Total monthly income is $3,301/mo. Return on cash invested sits at 17.83% in year one, and rental yield is 7.23% on a $548,000 entry. Equity gained on principal adds $3,536/yr, while 5% annual appreciation builds toward $151,402 over five years. Five-year ROI reaches 92.25% and total cumulative return in cash sums $166,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,301/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Lisa A Collier • The Agency Northwest Florida Beaches
Mls Name: ECAOR
Mls ID: #978386