703 SE 3rd St #ACarrabelleFL32322
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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
Investment property for sale in Carrabelle at 703 SE 3rd St #A, Carrabelle, FL, 32322 listed at $229,900 pairs $1,542/mo rent with a $1,125/mo payment to leave $17/mo cash flow. Total monthly income runs $1,542/mo, and annual cash flow reaches $199/yr on $76,212 cash to close. Return on cash invested measures 20.17% in year one, and rental yield registers 8.05% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 104.85% and total cumulative return in cash totals $79,907. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,542/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32322, Carrabelle, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,128 (100%) |
| Owner Occupied HU | 1,126 (52.9%) |
| Renter Occupied HU | 270 (12.7%) |
| Vacant Housing Units | 732 (34.4%) |
| Median Home Value | $286,000 |
| Average Home Value | $447,087 |
Housing Distribution
Address Breakdown
Residential
1,357
Single Family
1,357
Multi-Family
0
Businesses
122
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Listed by: Paige Joseph • Anchor Realty Florida
Mls Name: Forgotten Coast Realtor Association
Mls ID: #324091