627 Eastern Lake Rd UNIT 3Santa Rosa BeachFL32459
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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 Santa Rosa Beach at 627 Eastern Lake Rd UNIT 3, Santa Rosa Beach, FL, 32459 offers a 3.3% rental yield on a $845,000 purchase with $2,321/mo rent. 87% in year one. Equity gained on principal adds $5,453/yr while 5% annual appreciation supports $233,458 over five years. Portfolio math shows five-year ROI at 28.13% and total cumulative return in cash at $78,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,321/mo property income against a $4,136/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: Lynn Wardlaw • Beachy Beach Real Estate
Mls Name: ECAOR
Mls ID: #984038