673 W River RdWewahitchkaFL32465
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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
Total monthly income runs $1,050/mo, and a $1,953/mo payment. Purchase price stands at $399,000, and rental yield measures 3.16% with $1,050/mo rent. Return on cash invested shows 5.41% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 25.72% and total cumulative return in cash records $34,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,050/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1900
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32465, Wewahitchka, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,609 (100%) |
| Owner Occupied HU | 2,126 (58.9%) |
| Renter Occupied HU | 543 (15.0%) |
| Vacant Housing Units | 940 (26.0%) |
| Median Home Value | $199,412 |
| Average Home Value | $271,450 |
Housing Distribution
Address Breakdown
Residential
2,818
Single Family
2,818
Multi-Family
0
Businesses
149
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Listed by: Grant Rish • Rish Real Estate Group
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324090