691 Emerald Bay DrDestinFL32541
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 $4,382/mo, and a $5,971/mo payment. Purchase price stands at $1,220,000, and rental yield measures 4.31% with $4,382/mo rent. Return on cash invested shows 8.91% in year one, and 5% annual appreciation builds toward $337,064 over five years. Five-year ROI reaches 44.42% and total cumulative return in cash records $175,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,382/mo property income covering a $5,971/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,300 sqft lot
$N/A/sqft
$185 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32541, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,791 (100%) |
| Owner Occupied HU | 5,904 (35.2%) |
| Renter Occupied HU | 2,755 (16.4%) |
| Vacant Housing Units | 8,132 (48.4%) |
| Median Home Value | $564,888 |
| Average Home Value | $744,336 |
Housing Distribution
Address Breakdown
Residential
15,355
Single Family
8,027
Multi-Family
7,328
Businesses
1,388
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jake Maurer • Berkshire Hathaway HomeServices
Mls Name: ECAOR
Mls Provider:
Mls ID: #942420
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