685 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 685 Jerrells Ave, Fort Walton Beach, FL, 32547 generates $2,336/mo in rent and, after a $1,615/mo payment, leaves $146/mo in cash flow. Total monthly income is $2,336/mo, and annual cash flow is $1,755/yr on $109,395 invested. Return on cash invested sits at 21.51% in year one, and rental yield is 8.49% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 112.06% and total cumulative return in cash sums $122,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,336/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
3,920 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: Paula J Sherman • ERA American Real Estate
Mls Name: ECAOR
Mls Provider:
Mls ID: #954757
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189