668 Bayou Dr #668Miramar BeachFL32550
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
Total monthly income runs $3,767/mo, and a $3,081/mo payment. Purchase price stands at $629,500, and rental yield measures 7.18% with $3,767/mo rent. Return on cash invested shows 17.68% in year one, and 5% annual appreciation builds toward $173,919 over five years. Five-year ROI reaches 91.47% and total cumulative return in cash records $189,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,767/mo property income covering a $3,081/mo payment rather than investor’s personal income.
Condo
Built in 1978
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia B Kennedy • The Agency Northwest Florida Beaches
Mls Name: ECAOR
Mls ID: #985120