639 Jerrells AveFort Walton BeachFL32547
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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 Fort Walton Beach at 639 Jerrells Ave, Fort Walton Beach, FL, 32547 priced at $309,900 converts $2,464/mo rent into $407/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,464/mo, and annual cash flow totals $4,887/yr on $102,732 invested. Return on cash invested prints 24.67% in year one, and rental yield reads 9.54% against a $309,900 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,620 by year five. Five-year ROI reaches 128.96% and total cumulative return in cash sums $132,480. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,464/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1995
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32547, Fort Walton Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,603 (100%) |
| Owner Occupied HU | 8,251 (49.7%) |
| Renter Occupied HU | 7,177 (43.2%) |
| Vacant Housing Units | 1,175 ( 7.1%) |
| Median Home Value | $369,479 |
| Average Home Value | $461,888 |
Housing Distribution
Address Breakdown
Residential
15,950
Single Family
14,806
Multi-Family
1,144
Businesses
1,072
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Listed by: Cosmo M Spellings • Assurance Realty of NWFL LLC
Mls Name: ECAOR
Mls ID: #990434