644 Bay Grove RdFreeportFL32439
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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 Freeport at 644 Bay Grove Rd, Freeport, FL, 32439 priced at $955,000 converts $2,614/mo rent into after a $4,674/mo obligation. Total monthly income equals $2,614/mo. Return on cash invested prints 5.84% in year one, and rental yield reads 3.28% against a $955,000 entry. Equity gained on principal adds $6,162/yr, while 5% annual appreciation compiles into $263,849 by year five. Five-year ROI reaches 27.95% and total cumulative return in cash sums $87,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,614/mo property income covering a $4,674/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32439, Freeport, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,758 (100%) |
| Owner Occupied HU | 6,065 (69.3%) |
| Renter Occupied HU | 1,455 (16.6%) |
| Vacant Housing Units | 1,238 (14.1%) |
| Median Home Value | $440,147 |
| Average Home Value | $573,561 |
Housing Distribution
Address Breakdown
Residential
7,553
Single Family
7,447
Multi-Family
106
Businesses
335
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Listed by: Matthew T Jones MBA • Coastal Heritage Real Estate LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #770477
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.