72 W Larkspur AveDefuniak SpringsFL32433
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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 Defuniak Springs at 72 W Larkspur Ave, Defuniak Springs, FL, 32433 with 5% annual appreciation on a $115,000 basis while $884/mo rent supports operations. Total monthly income totals $884/mo and a $563/mo payment preserves $121/mo for cash returns. Annual cash flow comes to $1,449/yr on $38,123 deployed, and return on cash invested reaches 23.71% in year one. Equity gained on principal adds $742/yr, and five-year appreciation sums $31,772 alongside rental yield of 9.22%. Five-year ROI measures 123.83% and total cumulative return in cash totals $47,205.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $884/mo property income versus a $563/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2004
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32433, Defuniak Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,353 (100%) |
| Owner Occupied HU | 5,392 (64.6%) |
| Renter Occupied HU | 1,793 (21.5%) |
| Vacant Housing Units | 1,168 (14.0%) |
| Median Home Value | $173,082 |
| Average Home Value | $280,402 |
Housing Distribution
Address Breakdown
Residential
7,626
Single Family
7,510
Multi-Family
116
Businesses
308
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Listed by: Carol J Mahaffey • Southern Choice Properties Llc
Mls Name: ECAOR
Mls ID: #981079