710 Legion Dr UNIT O3DestinFL32541
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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 Destin at 710 Legion Dr UNIT O3, Destin, FL, 32541 priced at $235,000 converts $2,108/mo rent into $549/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,108/mo, and annual cash flow totals $6,585/yr on $77,903 invested. Return on cash invested prints 28.36% in year one, and rental yield reads 10.76% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 148.76% and total cumulative return in cash sums $115,888. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,108/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Townhouse
Built in 1981
1,306 sqft lot
$N/A/sqft
No 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
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