707 Sandpiper Dr #10670Miramar BeachFL32550
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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 Miramar Beach at 707 Sandpiper Dr #10670, Miramar Beach, FL, 32550 uses $197,367 cash to close to unlock $4,214/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $4,332/mo, and a $2,936/mo payment keeps the spread at $351/mo. Purchase price stands at $599,900, and rental yield measures 8.67% with $4,332/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 115.68% and total cumulative return in cash records $228,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,332/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Condo
Built in 1976
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
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Listed by: Chris Carter • Real Broker LLC
Mls Name: ECAOR
Mls ID: #989190