73 Paradise Lane B SantaPoint WashingtonFL32459
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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 Point Washington at 73 Paradise Lane B Santa, Point Washington, FL, 32459 priced at $539,900 converts $7,034/mo rent into $2,841/mo cash flow after a $2,643/mo obligation. Total monthly income equals $7,034/mo, and annual cash flow totals $34,088/yr on $177,627 invested. Return on cash invested prints 39.25% in year one, and rental yield reads 15.63% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 208.62% and total cumulative return in cash sums $370,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,034/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32459, Santa Rosa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,830 (100%) |
| Owner Occupied HU | 8,154 (39.1%) |
| Renter Occupied HU | 2,773 (13.3%) |
| Vacant Housing Units | 9,903 (47.5%) |
| Median Home Value | $762,452 |
| Average Home Value | $945,293 |
Housing Distribution
Address Breakdown
Residential
15,273
Single Family
12,773
Multi-Family
2,500
Businesses
1,346
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Listed by: Abbott Martin Group • EXP Realty LLC
Mls Name: ECAOR
Mls Provider:
Mls ID: #950577
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