6331 Grassy Point RdSouthportFL32409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southport at 6331 Grassy Point Rd, Southport, FL, 32409 priced at $359,900 converts $3,463/mo rent into $1,074/mo cash flow after a $1,762/mo obligation. Total monthly income equals $3,463/mo, and annual cash flow totals $12,890/yr on $119,307 invested. Return on cash invested prints 30.71% in year one, and rental yield reads 11.55% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 161.39% and total cumulative return in cash sums $192,554. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,463/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32409, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,269 (100%) |
| Owner Occupied HU | 3,255 (76.2%) |
| Renter Occupied HU | 416 ( 9.7%) |
| Vacant Housing Units | 598 (14.0%) |
| Median Home Value | $295,508 |
| Average Home Value | $343,498 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,563
Multi-Family
63
Businesses
136
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Listed by: The Griffitts Group • Think Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #761456
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.