748 W Gorrie DrEastpointFL32328
INVESTMENT ANALYSIS
Investment Verdict
Solid Income748 W Gorrie Dr, Eastpoint, FL, 32328 in Eastpoint carries a 2.51 coverage ratio, rent of $1,680/mo is 2.51 times the $669/mo payment. Rental yield 9.28%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $148,888 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $41,135; total projected cumulative return: $30,531.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.5% |
| Monthly Cash Flow | $(1,018) | $1,200 |
City averages based on Eastpoint market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,680 |
| Total Monthly Debt Service | $2,109 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1982
0.34 Acres lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32328, Eastpoint, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,977 (100%) |
| Owner Occupied HU | 1,351 (45.4%) |
| Renter Occupied HU | 248 ( 8.3%) |
| Vacant Housing Units | 1,378 (46.3%) |
| Median Home Value | $428,165 |
| Average Home Value | $545,204 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,498
Multi-Family
214
Businesses
211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1982
0.34 Acres lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32328, Eastpoint, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,977 (100%) |
| Owner Occupied HU | 1,351 (45.4%) |
| Renter Occupied HU | 248 ( 8.3%) |
| Vacant Housing Units | 1,378 (46.3%) |
| Median Home Value | $428,165 |
| Average Home Value | $545,204 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,498
Multi-Family
214
Businesses
211
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robin Spillias • Berkshire Hathaway HomeServices - SGI
Mls Name: Forgotten Coast Realtor Association
Mls Provider:
Mls ID: #321801
Disclaimer: Property information provided by the RAFGC MLS a service of the REALTOR Association of Franklin & Gulf Counties. IDX information is provided exclusively for consumers personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.